Is Hampden, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hampden has remained a Seller's Market.
Key Takeaway
Hampden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hampden, MA
How much do homes in Hampden, MA cost?
Median Sold Price
$405,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hampden have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Hampden was $405,000 in May 2024, up 15.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | - | N/A |
| 2 Bedrooms | $305K | $290K | -4.9% |
| 3 Bedrooms | $337.5K | $375K | +11.1% |
| 4 Bedrooms | $432.5K | $560K | +29.5% |
| 5+ Bedrooms | $374.9K | $575K | +53.4% |
Summary: Hampden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 53.4%.
Median Sold Price Compared To Nearby Cities
| Hampden | $350K | $405K | +15.7% |
| Wilbraham | $400K | $435K | +8.8% |
| Stafford Springs | $256.5K | $275K | +7.2% |
| Monson | $335K | $340K | +1.5% |
Housing Supply in Hampden, MA
How many homes are available in Hampden, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Hampden real estate market had 13 homes for sale in May 2024, a 13.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hampden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampden, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Hampden in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Hampden, MA
How long does it take to sell a home in Hampden, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 45 Days | +239.0% |
Summary: Homes in Hampden had an average of 45 days on market in May 2024, up by 239% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hampden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Hampden; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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