Is Hampton, GA 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, Hampton was a Seller's Market.
Key Takeaway
Hampton 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 Hampton, GA
How much do homes in Hampton, GA cost?
Median Sold Price
$324,881
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hampton have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Hampton was $324,881 in May 2024, down 4.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182K | $175K | -3.8% |
| 3 Bedrooms | $272K | $264K | -2.9% |
| 4 Bedrooms | $344K | $330K | -4.1% |
| 5+ Bedrooms | $405.3K | $440.4K | +8.6% |
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 3.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Hampton, GA
How many homes are available in Hampton, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 343 | 388 | +13.1% |
Summary: The Hampton real estate market had 388 homes for sale in May 2024, a 13.1% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 113 | 127 | +12.4% |
| 4 Bedrooms | 137 | 152 | +10.9% |
| 5+ Bedrooms | 85 | 101 | +18.8% |
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 remained the same, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 58 | -15.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Hampton in May 2024, down by 15.9% month-over-month. Of the 53 sold homes, 43% were sold under asking, 43% were sold at asking, and 13% were sold over asking.
Days on Market for Hampton, GA
How long does it take to sell a home in Hampton, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 42 Days | +27.3% |
Summary: Homes in Hampton had an average of 42 days on market in May 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 58 homes were sold in Hampton; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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