$6,531 Closing Credit*
$550,000
1,656 SqFt
3 Beds
•2 Full Baths
Jennifer E Manz, Listing Office: Keller Williams Realty WNY
Is Hamburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hamburg has remained a Seller's Market.
Key Takeaway
Hamburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamburg, NY
How much do homes in Hamburg, NY cost?
Median Sold Price
$311,333
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,383(+5.6%)
Key Takeaway
Homes in Hamburg have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Hamburg was $311,333 in November 2024, up 5.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $75K | -55.4% |
| 2 Bedrooms | $223.5K | $250K | +11.9% |
| 3 Bedrooms | $276K | $295.4K | +7.0% |
| 4 Bedrooms | $392.6K | $390K | -0.7% |
| 5+ Bedrooms | $376.2K | $355K | -5.6% |
Summary: Hamburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Hamburg, NY
How many homes are available in Hamburg, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 142 | 94 | -33.8% |
Summary: The Hamburg real estate market had 94 homes for sale in November 2024, a 33.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 14 | -39.1% |
| 3 Bedrooms | 77 | 53 | -31.2% |
| 4 Bedrooms | 37 | 22 | -40.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hamburg 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 decreased by 39.1%, 3 bedroom homes decreased by 31.2%, 4 bedroom homes decreased by 40.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Hamburg in November 2024, down by 13.2% month-over-month. Of the 33 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.
Days on Market for Hamburg, NY
How long does it take to sell a home in Hamburg, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +27.8% |
Summary: Homes in Hamburg had an average of 20 days on market in Nov 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hamburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Hamburg; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
