Is Hampshire, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampshire is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Hampshire, IL

How much do homes in Hampshire, IL cost?

Median Sold Price

$380,600

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,300(-3.6%)

Key Takeaway

Homes in Hampshire have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Hampshire was $380,600 in October 2024, down 3.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $248K$274.9K
+10.9%
3 $337K$358K
+6.2%
4 $435K$449.9K
+3.4%
5+ $443.7K$489.9K
+10.4%

Summary: Hampshire housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Huntley
+5.6%
Rutland Township
+4.5%
Hampshire Township
+1.3%
Pingree Grove
0%
Hampshire
-3.6%

Housing Supply in Hampshire, IL

How many homes are available in Hampshire, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121142+17.4%

Summary: The Hampshire real estate market had 142 homes for sale in October 2024, a 17.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2025
+25.0%
3 4861
+27.1%
4 4648
+4.3%
5+ 78
+14.3%

Summary: The Hampshire housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27270.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampshire, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 27 homes were sold or pending in Hampshire in October 2024, the same as the previous month. Of the 27 sold homes, 30% were sold under asking, 44% were sold at asking, and 26% were sold over asking.

Days on Market for Hampshire, IL

How long does it take to sell a home in Hampshire, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days47 Days+57.4%

Summary: Homes in Hampshire had an average of 47 days on market in Oct 2024, up by 57.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 27 homes were sold in Hampshire; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 16 Days Ago

Newest Listings in Hampshire, IL

Nearby Markets to Hampshire, IL

What housing markets are near Hampshire, IL?