Is South Hamilton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Hamilton has remained a Seller's Market.
Housing Prices in South Hamilton, MA
How much do homes in South Hamilton, MA cost?
Median Sold Price
$857,500
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Hamilton was $857,500 in April 2024, up 19.9% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $650K | N/A |
2 Bedrooms | $610K | $950K | +55.7% |
3 Bedrooms | $650K | $700K | +7.7% |
4 Bedrooms | $951K | $1.1M | +15.7% |
5+ Bedrooms | $1.2M | $1.3M | +9.7% |
Summary: South Hamilton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Hamilton | $719K | $866.2K | +20.5% |
South Hamilton | $715K | $857.5K | +19.9% |
Essex | $725K | $800K | +10.3% |
Ipswich | $690K | $755K | +9.4% |
Wenham | $1.1M | $1.0M | -7.0% |
Housing Supply in South Hamilton, MA
How many homes are available in South Hamilton, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 28 | +47.4% |
Summary: The South Hamilton real estate market had 28 homes for sale in April 2024, a 47.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 3 | 8 | +166.7% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The South Hamilton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 166.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in South Hamilton in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for South Hamilton, MA
How long does it take to sell a home in South Hamilton, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 67 Days | -18.7% |
Summary: Homes in South Hamilton had an average of 67 days on market in Apr 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in South Hamilton; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.