Is South Hamilton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Hamilton was a Seller's Market.
Key Takeaway
South Hamilton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Hamilton, MA
How much do homes in South Hamilton, MA cost?
Median Sold Price
$870,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Hamilton have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in South Hamilton was $870,000 in May 2024, up 21.7% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $650K | N/A |
| 2 Bedrooms | $617.5K | $717K | +16.1% |
| 3 Bedrooms | $674.9K | $725.2K | +7.5% |
| 4 Bedrooms | $970K | $940K | -3.1% |
| 5+ Bedrooms | $1.1M | $1.3M | +18.4% |
Summary: South Hamilton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Wenham | $900K | $1.1M | +33.1% |
| South Hamilton | $715K | $870K | +21.7% |
| Hamilton | $719K | $872.5K | +21.3% |
| Ipswich | $700K | $750K | +7.1% |
| Essex | $755K | $800K | +6.0% |
Housing Supply in South Hamilton, MA
How many homes are available in South Hamilton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The South Hamilton real estate market had 31 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The South Hamilton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Hamilton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South Hamilton in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for South Hamilton, MA
How long does it take to sell a home in South Hamilton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +24.3% |
Summary: Homes in South Hamilton had an average of 17 days on market in May 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Hamilton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in South Hamilton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
