Is Hampton, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampton is a 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

+$38,001(+14.2%)

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $145K$215K
+48.3%
3 $233K$300.5K
+29.0%
4 $327.5K$405K
+23.7%
5+ $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
+33.1%
Hampton
+14.2%

Housing Supply in Hampton, VA

How many homes are available in Hampton, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
654734+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

# BEDSMar 2024Apr 2024CHANGE
1 1114
+27.3%
2 7797
+26.0%
3 311351
+12.9%
4 213220
+3.3%
5+ 4252
+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 2024Apr 2024CHANGE
155146-5.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Apr 2024CHANGE
16 Days40 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

Breakdown of Home Sale Times

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.

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

Report Updated 13 Days Ago

Newest Listings in Hampton, VA

Nearby Markets to Hampton, VA

What housing markets are near Hampton, VA?