Is Hampshire, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampshire is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Hampshire has remained a Seller's Market.

Key Takeaway

Hampshire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hampshire, IL

How much do homes in Hampshire, IL cost?

Median Sold Price

$386,250

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$36,250(+10.4%)

Key Takeaway

Homes in Hampshire have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Hampshire was $386,250 in April 2024, up 10.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $224.9K$254K
+12.9%
3 $320K$358.9K
+12.2%
4 $416.9K$439.9K
+5.5%
5+ $450K$437.5K
-2.8%

Summary: Hampshire 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 12.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Cities

Pingree Grove
+13.2%
Hampshire
+10.4%
Hampshire Township
+8.6%
Rutland Township
+5.0%
Huntley
+1.4%

Housing Supply in Hampshire, IL

How many homes are available in Hampshire, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
91104+14.3%

Summary: The Hampshire real estate market had 104 homes for sale in April 2024, a 14.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1715
-11.8%
3 3439
+14.7%
4 3545
+28.6%
5+ 55
0.0%

Summary: The Hampshire 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 decreased by 11.8%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampshire, expect to pay close to the asking price. 38.1% of homes here sold near the asking price last month.

Summary: A total of 21 homes were sold or pending in Hampshire in April 2024, up by 61.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 38% were sold at asking, and 33% were sold over asking.

Days on Market for Hampshire, IL

How long does it take to sell a home in Hampshire, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days20 Days-22.2%

Summary: Homes in Hampshire had an average of 20 days on market in Apr 2024, down by 22.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hampshire are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 21 homes were sold in Hampshire; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Hampshire, IL

Nearby Markets to Hampshire, IL

What housing markets are near Hampshire, IL?