Is Hampshire, IL 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, Hampshire has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $224.9K | $254K | +12.9% |
3 Bedrooms | $320K | $358.9K | +12.2% |
4 Bedrooms | $416.9K | $439.9K | +5.5% |
5+ Bedrooms | $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 | $269.4K | $305K | +13.2% |
Hampshire | $350K | $386.2K | +10.4% |
Hampshire Township | $349.9K | $379.9K | +8.6% |
Rutland Township | $300K | $315K | +5.0% |
Huntley | $345K | $350K | +1.4% |
Housing Supply in Hampshire, IL
How many homes are available in Hampshire, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 104 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 34 | 39 | +14.7% |
4 Bedrooms | 35 | 45 | +28.6% |
5+ Bedrooms | 5 | 5 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 21 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 20 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
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.