$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 November 2023
At the same time last year, Hampton was a Buyer'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
$318,800
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,800(+6.3%)
Key Takeaway
Homes in Hampton have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Hampton was $318,800 in November 2024, up 6.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $240K | +65.5% |
| 3 Bedrooms | $270.9K | $301.9K | +11.4% |
| 4 Bedrooms | $385.5K | $365K | -5.3% |
| 5+ Bedrooms | $462.5K | $489K | +5.7% |
Summary: Hampton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 843 | 864 | +2.5% |
Summary: The Hampton real estate market had 864 homes for sale in November 2024, a 2.5% 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 | 123 | 119 | -3.3% |
| 3 Bedrooms | 418 | 423 | +1.2% |
| 4 Bedrooms | 236 | 245 | +3.8% |
| 5+ Bedrooms | 59 | 68 | +15.3% |
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 1.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 160 | 138 | -13.8% |
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 138 homes were sold or pending in Hampton in November 2024, down by 13.8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 31 Days | +151.7% |
Summary: Homes in Hampton had an average of 31 days on market in Nov 2024, up by 151.7% compared to last year.
Breakdown of Home Sale Times
87 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, 138 homes were sold in Hampton; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Copyright © 2024 REIN, Inc - All Rights Reserved. Information Deemed Reliable But Not Guaranteed. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.