Is Hamilton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hamilton has remained a Seller's Market.
Key Takeaway
Hamilton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamilton, OH
How much do homes in Hamilton, OH cost?
Median Sold Price
$211,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hamilton have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Hamilton was $211,000 in May 2024, down 0.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61K | $90.5K | +48.4% |
| 2 Bedrooms | $169.9K | $152K | -10.6% |
| 3 Bedrooms | $210K | $222K | +5.7% |
| 4 Bedrooms | $337.8K | $284.5K | -15.8% |
| 5+ Bedrooms | $150K | $431.5K | +187.7% |
Summary: Hamilton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 187.7%.
Housing Supply in Hamilton, OH
How many homes are available in Hamilton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 67 | +6.3% |
Summary: The Hamilton real estate market had 67 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Hamilton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Hamilton in May 2024, up by 4.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Hamilton, OH
How long does it take to sell a home in Hamilton, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 55 Days | +8.4% |
Summary: Homes in Hamilton had an average of 55 days on market in May 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hamilton has remained consistent over time.
Summary: During May 2024, 24 homes were sold in Hamilton; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
This 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. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing 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. Copyright © 2024 DABR MLS. All Rights Reserved
This 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, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.