$2,956 Closing Credit*
$248,900
1,159 SqFt
3 Beds
•1 Full Bath, 1 Partial
Susan L Lesinski, Listing Office: HUNT Real Estate Corporation
Is Hamburg, NY 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, 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
$309,375
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,758(+6.5%)
Key Takeaway
Homes in Hamburg have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Hamburg was $309,375 in October 2024, up 6.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $75K | -55.4% |
| 2 Bedrooms | $222K | $247.5K | +11.5% |
| 3 Bedrooms | $275K | $290K | +5.5% |
| 4 Bedrooms | $385K | $390K | +1.3% |
| 5+ Bedrooms | $370K | $365K | -1.4% |
Summary: Hamburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Hamburg, NY
How many homes are available in Hamburg, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 150 | 114 | -24.0% |
Summary: The Hamburg real estate market had 114 homes for sale in October 2024, a 24.0% decrease 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 | 19 | 20 | +5.3% |
| 3 Bedrooms | 78 | 60 | -23.1% |
| 4 Bedrooms | 48 | 31 | -35.4% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Hamburg 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 5.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 35.4%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 25 | -46.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg, you could pay more than the asking price. 56% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Hamburg in October 2024, down by 46.8% month-over-month. Of the 25 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +35.7% |
Summary: Homes in Hamburg had an average of 22 days on market in Oct 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Hamburg; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
