$3,206 Closing Credit*
$270,000
3,019 SqFt
4 Beds
•4 Baths
#100476518, Listing Office: Premier Real Estate of the Sandhills LLC
Is Hamlet, NC 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, Hamlet has remained a Seller's Market.
Key Takeaway
Hamlet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamlet, NC
How much do homes in Hamlet, NC cost?
Median Sold Price
$170,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+25.9%)
Key Takeaway
Homes in Hamlet have sold for 25.9% more than they did a year ago.
Summary: The median home sold price in Hamlet was $170,000 in October 2024, up 25.9% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $78K | N/A |
| 2 Bedrooms | $92K | $135K | +46.7% |
| 3 Bedrooms | $165K | $171K | +3.6% |
| 4 Bedrooms | $175K | $215K | +22.9% |
| 5+ Bedrooms | $104.9K | $299.9K | +185.9% |
Summary: Hamlet 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 46.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 185.9%.
Median Sold Price Compared To Nearby Cities
| Hamlet | $135K | $170K | +25.9% |
| Rockingham Township | $176.5K | $181K | +2.5% |
Housing Supply in Hamlet, NC
How many homes are available in Hamlet, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The Hamlet real estate market had 35 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hamlet 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 remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamlet, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hamlet in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Hamlet, NC
How long does it take to sell a home in Hamlet, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 24 Days | -57.2% |
Summary: Homes in Hamlet had an average of 24 days on market in Oct 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamlet are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Hamlet; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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