Is Hampstead, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hampstead was a Seller's Market.
Key Takeaway
Hampstead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hampstead, NC
How much do homes in Hampstead, NC cost?
Median Sold Price
$527,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hampstead have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Hampstead was $527,500 in April 2024, up 17.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $225K | N/A |
| 3 Bedrooms | $425.3K | $449K | +5.6% |
| 4 Bedrooms | $514.6K | $582.3K | +13.2% |
| 5+ Bedrooms | $580K | $622K | +7.2% |
Summary: Hampstead 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 did not change, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Hampstead | $450.5K | $527.5K | +17.1% |
| Porters Neck | $615K | $681.5K | +10.8% |
Housing Supply in Hampstead, NC
How many homes are available in Hampstead, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 60 | +7.1% |
Summary: The Hampstead real estate market had 60 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Hampstead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampstead, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Hampstead in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for Hampstead, NC
How long does it take to sell a home in Hampstead, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 125 Days | +204.7% |
Summary: Homes in Hampstead had an average of 125 days on market in Apr 2024, up by 204.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hampstead are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Hampstead; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
