$2,018 Closing Credit*
$169,900
953 SqFt
2 Beds
•2 Full Baths
#10559503, Lakala Abrams, Listing Office: KW Allegiance
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
$274,500
$216/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$30,500(-10.0%)
Key Takeaway
Homes in Hampton have sold for 10% less than they did a month ago.
Summary: The median home sold price in Hampton was $274,500 in October 2024, down 10% from last month, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $246.5K | $186K | -24.5% |
| 3 Bedrooms | $275K | $283.9K | +3.3% |
| 4 Bedrooms | $354.9K | $285K | -19.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hampton housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Poquoson | $356K | $625K | +75.6% |
| Newport News | $289K | $282.4K | -2.3% |
| Hampton | $305K | $274.5K | -10.0% |
| Yorktown | $486K | $375K | -22.8% |
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 825 | 897 | +8.7% |
Summary: The Hampton real estate market had 897 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 122 | 128 | +4.9% |
| 3 Bedrooms | 400 | 440 | +10.0% |
| 4 Bedrooms | 232 | 257 | +10.8% |
| 5+ Bedrooms | 63 | 65 | +3.2% |
Summary: The Hampton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 145 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 145 homes were sold or pending in Hampton in October 2024, down by 7.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 46 Days | +16.6% |
Summary: Homes in Hampton had an average of 46 days on market in Oct 2024, up by 16.6% compared to last month.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
20 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 October 2024, 145 homes were sold in Hampton; 50% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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