$2,850 Closing Credit*
$240,000
1,924 SqFt
3 Beds
•2 Full Baths
#10563655, Dawn Crocker, Listing Office: EXP Realty LLC
Is Hampton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hampton was a Seller's Market.
Key Takeaway
Hampton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hampton, VA
How much do homes in Hampton, VA cost?
Median Sold Price
$295,900
$203/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$10,900(+3.8%)
Key Takeaway
Homes in Hampton have sold for 3.8% more than they did a month ago.
Summary: The median home sold price in Hampton was $295,900 in November 2024, up 3.8% from last month, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240.5K | $214K | -11.0% |
| 3 Bedrooms | $283.9K | $262.1K | -7.7% |
| 4 Bedrooms | $285K | $354.9K | +24.5% |
| 5+ Bedrooms | - | $546K | N/A |
Summary: Hampton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Yorktown | $375K | $596.5K | +59.1% |
| Poquoson | $625K | $750K | +20.0% |
| Newport News | $285K | $312K | +9.5% |
| Hampton | $285K | $295.9K | +3.8% |
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 841 | 861 | +2.4% |
Summary: The Hampton real estate market had 861 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 121 | 117 | -3.3% |
| 3 Bedrooms | 420 | 423 | +0.7% |
| 4 Bedrooms | 235 | 245 | +4.3% |
| 5+ Bedrooms | 58 | 67 | +15.5% |
Summary: The Hampton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 15.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 140 | -13.0% |
Asking Price vs. Sold Price
4 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 Hampton, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in Hampton in November 2024, down by 13.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Hampton, VA
How long does it take to sell a home in Hampton, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 31 Days | -31.1% |
Summary: Homes in Hampton had an average of 31 days on market in Nov 2024, down by 31.1% compared to last month.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 140 homes were sold in Hampton; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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