Is Hampton, VA 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, Hampton was a Buyer'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
$305,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hampton have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Hampton was $305,000 in April 2024, up 14.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $215K | +48.3% |
| 3 Bedrooms | $233K | $300.5K | +29.0% |
| 4 Bedrooms | $327.5K | $405K | +23.7% |
| 5+ Bedrooms | $461K | $475K | +3.0% |
Summary: Hampton 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 48.3%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Washington | $440K | $585.4K | +33.1% |
| Hampton | $266.9K | $305K | +14.2% |
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 654 | 734 | +12.2% |
Summary: The Hampton real estate market had 734 homes for sale in April 2024, a 12.2% 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 | 77 | 97 | +26.0% |
| 3 Bedrooms | 311 | 351 | +12.9% |
| 4 Bedrooms | 213 | 220 | +3.3% |
| 5+ Bedrooms | 42 | 52 | +23.8% |
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 26%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 146 | -5.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 146 homes were sold or pending in Hampton in April 2024, down by 5.8% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 40 Days | +141.3% |
Summary: Homes in Hampton had an average of 40 days on market in Apr 2024, up by 141.3% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
43 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, 146 homes were sold in Hampton; 58% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Copyright © 2024 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed. 
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
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.