Is Hampton, TN 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, Hampton has remained a Seller'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, TN
How much do homes in Hampton, TN cost?
Median Sold Price
$181,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hampton have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Hampton was $181,000 in May 2024, up 7.7% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $170K | $145K | -14.7% |
| 3 Bedrooms | $168K | $249K | +48.2% |
| 4 Bedrooms | - | $317K | N/A |
| 5+ Bedrooms | - | $240K | N/A |
Summary: Hampton 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 decreased by 14.7%, 3 bedroom homes increased by 48.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roan Mountain | $315K | $378K | +20.0% |
| Butler | $350K | $405K | +15.7% |
| Hampton | $168K | $181K | +7.7% |
Housing Supply in Hampton, TN
How many homes are available in Hampton, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Hampton real estate market had 16 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hampton 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 increased by 200%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hampton in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Hampton, TN
How long does it take to sell a home in Hampton, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 75 Days | 120 Days | +58.9% |
Summary: Homes in Hampton had an average of 120 days on market in May 2024, up by 58.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hampton has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Hampton; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
