$6,935 Closing Credit*
$584,000
1,918 SqFt
3 Beds
•2 Full Baths
Kaaren M Lofgren, Listing Office: McEnearney Associates, LLC
Is Hamilton, VA 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, Hamilton has remained a Seller's Market.
Key Takeaway
Hamilton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamilton, VA
How much do homes in Hamilton, VA cost?
Median Sold Price
$841,250
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,250(+0.5%)
Key Takeaway
Homes in Hamilton have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Hamilton was $841,250 in October 2024, up 0.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $468K | N/A |
| 2 Bedrooms | $441.5K | $400K | -9.4% |
| 3 Bedrooms | $564K | $571.5K | +1.3% |
| 4 Bedrooms | $1.0M | $810K | -20.9% |
| 5+ Bedrooms | $1.2M | $1.2M | +2.0% |
Summary: Hamilton 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 decreased by 9.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Blue Ridge | $748.3K | $825K | +10.2% |
| Catoctin | $795.8K | $847K | +6.4% |
| Hamilton | $837K | $841.2K | 0.5% |
Housing Supply in Hamilton, VA
How many homes are available in Hamilton, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Hamilton real estate market had 18 homes for sale in October 2024, a 38.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Hamilton 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 remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hamilton in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Hamilton, VA
How long does it take to sell a home in Hamilton, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 20 Days | -53.1% |
Summary: Homes in Hamilton had an average of 20 days on market in Oct 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamilton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Hamilton; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
