Is Hammond, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hammond is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Hammond was a Neutral Market.

Key Takeaway

Hammond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hammond, WI

How much do homes in Hammond, WI cost?

Median Sold Price

$340,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$25,000(-6.8%)

Key Takeaway

Homes in Hammond have sold for 6.8% less than they did a year ago.

Summary: The median home sold price in Hammond was $340,000 in November 2024, down 6.8% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$157K
N/A
2 $397.5K$257K
-35.3%
3 $309.9K$335K
+8.1%
4 $444.1K$425K
-4.3%
5+ $450K$461K
+2.4%

Summary: Hammond 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 decreased by 35.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 2.4%.

Housing Supply in Hammond, WI

How many homes are available in Hammond, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4341-4.7%

Summary: The Hammond real estate market had 41 homes for sale in November 2024, a 4.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1614
-12.5%
4 1616
0.0%
5+ 66
0.0%

Summary: The Hammond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
212+500.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hammond, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Hammond in November 2024, up by 500.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for Hammond, WI

How long does it take to sell a home in Hammond, WI?

Average Sale Time

Nov 2023Nov 2024CHANGE
74 Days58 Days-21.4%

Summary: Homes in Hammond had an average of 58 days on market in Nov 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hammond has remained consistent over time.

Summary: During November 2024, 12 homes were sold in Hammond; 8% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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