Is Hamlin, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hamlin was a Neutral Market.
Key Takeaway
Hamlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamlin, NY
How much do homes in Hamlin, NY cost?
Median Sold Price
$210,250
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hamlin have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Hamlin was $210,250 in May 2024, up 5.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $190K | N/A |
| 3 Bedrooms | $193.7K | $201.2K | +3.9% |
| 4 Bedrooms | $215K | $223.7K | +4.1% |
| 5+ Bedrooms | $155K | $217K | +40.0% |
Summary: Hamlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
| Hamlin | $200K | $210.2K | +5.1% |
| Parma | $251.2K | $259K | +3.1% |
Housing Supply in Hamlin, NY
How many homes are available in Hamlin, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Summary: The Hamlin real estate market had 17 homes for sale in May 2024, a 41.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hamlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 71.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamlin, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Hamlin in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Hamlin, NY
How long does it take to sell a home in Hamlin, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 4 Days | -23.5% |
Summary: Homes in Hamlin had an average of 4 days on market in May 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamlin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Hamlin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
