$10,000 Closing Credit*
$1,079,000
2,685 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73308986, Gretchen Berg, Listing Office: J. Barrett & Company
Is South Hamilton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Hamilton has remained a Seller's Market.
Key Takeaway
South Hamilton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Hamilton, MA
How much do homes in South Hamilton, MA cost?
Median Sold Price
$900,000
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$181,000(+25.2%)
Key Takeaway
Homes in South Hamilton have sold for 25.2% more than they did a year ago.
Summary: The median home sold price in South Hamilton was $900,000 in October 2024, up 25.2% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $499.5K | N/A |
| 2 Bedrooms | $625K | $705K | +12.8% |
| 3 Bedrooms | $674.9K | $737.5K | +9.3% |
| 4 Bedrooms | $890K | $1.0M | +19.5% |
| 5+ Bedrooms | $1.1M | $1.5M | +38.0% |
Summary: South Hamilton 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 12.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Cities
| South Hamilton | $719K | $900K | +25.2% |
| Hamilton | $727.2K | $905K | +24.4% |
| Wenham | $960K | $1.1M | +17.2% |
| Ipswich | $739.8K | $750K | +1.4% |
| Essex | $800K | $800K | 0.0% |
Housing Supply in South Hamilton, MA
How many homes are available in South Hamilton, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Summary: The South Hamilton real estate market had 32 homes for sale in October 2024, a 5.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 18 | 12 | -33.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The South Hamilton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Hamilton, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in South Hamilton in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for South Hamilton, MA
How long does it take to sell a home in South Hamilton, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -7.8% |
Summary: Homes in South Hamilton had an average of 19 days on market in Oct 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Hamilton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in South Hamilton; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
