Is Hampden County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampden County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hampden County has remained a Seller's Market.

Key Takeaway

Hampden County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hampden County, MA

How much do homes in Hampden County, MA cost?

Median Sold Price

$313,883

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$23,886(+8.2%)

Key Takeaway

Homes in Hampden County have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Hampden County was $313,883 in May 2024, up 8.2% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $145K$158.5K
+9.3%
2 $235K$249.9K
+6.3%
3 $289.9K$310K
+6.9%
4 $325K$350.2K
+7.8%
5+ $320K$358.5K
+12.1%

Summary: Hampden County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Counties

Hartford County
+10.0%
Hampden County
+8.2%
Worcester County
+8.1%
Hampshire County
+6.6%

Housing Supply in Hampden County, MA

How many homes are available in Hampden County, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,1211,204+7.4%

Summary: The Hampden County real estate market had 1,204 homes for sale in May 2024, a 7.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1421
+50.0%
2 176203
+15.3%
3 470514
+9.4%
4 229243
+6.1%
5+ 232223
-3.9%

Summary: The Hampden County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 3.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
325320-1.5%

Asking Price vs. Sold Price

72 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

221 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampden County, you could pay more than the asking price. 69.1% of homes here sold above asking price last month.

Summary: A total of 320 homes were sold or pending in Hampden County in May 2024, down by 1.5% month-over-month. Of the 320 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.

Days on Market for Hampden County, MA

How long does it take to sell a home in Hampden County, MA?

Average Sale Time

May 2023May 2024CHANGE
28 Days28 Days0.2%

Summary: Homes in Hampden County had an average of 28 days on market in May 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

242 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hampden County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 320 homes were sold in Hampden County; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 1 Day Ago

Newest Listings in Hampden County, MA

Nearby Markets to Hampden County, MA

What housing markets are near Hampden County, MA?