Is Hampton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hampton has remained a Seller's Market.
Key Takeaway
Hampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hampton, VA
How much do homes in Hampton, VA cost?
Median Sold Price
$284,900
$190/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Hampton have sold for 39.4% less than they did a month ago.
Summary: The median home sold price in Hampton was $284,900 in April 2024, down 39.4% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $264K | N/A |
| 3 Bedrooms | $330K | $272.4K | -17.5% |
| 4 Bedrooms | $469.9K | - | N/A |
| 5+ Bedrooms | $525K | $400.5K | -23.7% |
Summary: Hampton housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Newport News | $284.9K | $347.5K | +22.0% |
| Yorktown | $542.5K | $528.9K | -2.5% |
| Hampton | $469.9K | $284.9K | -39.4% |
| Poquoson | $525K | $275K | -47.6% |
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 652 | 733 | +12.4% |
Summary: The Hampton real estate market had 733 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 76 | 95 | +25.0% |
| 3 Bedrooms | 310 | 352 | +13.5% |
| 4 Bedrooms | 214 | 221 | +3.3% |
| 5+ Bedrooms | 41 | 51 | +24.4% |
Summary: The Hampton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 24.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 154 | 149 | -3.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 149 homes were sold or pending in Hampton in April 2024, down by 3.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Hampton, VA
How long does it take to sell a home in Hampton, VA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 40 Days | +28.4% |
Summary: Homes in Hampton had an average of 40 days on market in Apr 2024, up by 28.4% compared to last month.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 149 homes were sold in Hampton; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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