Is Hamlet, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamlet is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Hamlet has remained a Buyer's Market.

Key Takeaway

Hamlet is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hamlet, NC

How much do homes in Hamlet, NC cost?

Median Sold Price

$170,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+9.7%)

Key Takeaway

Homes in Hamlet have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Hamlet was $170,000 in November 2024, up 9.7% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$78K
N/A
2 $94K$135K
+43.6%
3 $165K$171K
+3.6%
4 $175K$197.5K
+12.9%
5+ $104.9K$299.9K
+185.9%

Summary: Hamlet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 185.9%.

Median Sold Price Compared To Nearby Cities

Hamlet
+9.7%
Rockingham Township
+4.1%

Housing Supply in Hamlet, NC

How many homes are available in Hamlet, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3231-3.1%

Summary: The Hamlet real estate market had 31 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1916
-15.8%
4 68
+33.3%
5+ 11
0.0%

Summary: The Hamlet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 3 homes were sold or pending in Hamlet in November 2024, down by 50.0% month-over-month. Of the 3 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

Nov 2023Nov 2024CHANGE
133 Days26 Days-80.2%

Summary: Homes in Hamlet had an average of 26 days on market in Nov 2024, down by 80.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Hamlet; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Hamlet, NC

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