Is Hampden County, MA 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, Hampden County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $158.5K | +9.3% |
2 Bedrooms | $235K | $249.9K | +6.3% |
3 Bedrooms | $289.9K | $310K | +6.9% |
4 Bedrooms | $325K | $350.2K | +7.8% |
5+ Bedrooms | $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 | $299.9K | $330K | +10.0% |
Hampden County | $289.9K | $313.8K | +8.2% |
Worcester County | $419.9K | $453.8K | +8.1% |
Hampshire County | $380.5K | $405.7K | +6.6% |
Housing Supply in Hampden County, MA
How many homes are available in Hampden County, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,121 | 1,204 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 21 | +50.0% |
2 Bedrooms | 176 | 203 | +15.3% |
3 Bedrooms | 470 | 514 | +9.4% |
4 Bedrooms | 229 | 243 | +6.1% |
5+ Bedrooms | 232 | 223 | -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 2024 | May 2024 | CHANGE |
---|---|---|
325 | 320 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 28 Days | 0.2% |
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
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.