Is Hampden County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hampden County has remained a Seller's Market.
Key Takeaway
Hampden County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hampden County, MA
How much do homes in Hampden County, MA cost?
Median Sold Price
$310,023
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hampden County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Hampden County was $310,023 in April 2024, up 6.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $156K | +7.6% |
| 2 Bedrooms | $232.7K | $247.1K | +6.2% |
| 3 Bedrooms | $289.9K | $307.4K | +6.0% |
| 4 Bedrooms | $325K | $350K | +7.7% |
| 5+ Bedrooms | $317.1K | $356.9K | +12.5% |
Summary: Hampden County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Counties
| Hartford County | $299.7K | $329.9K | +10.1% |
| Worcester County | $418.9K | $450.2K | +7.5% |
| Hampden County | $290K | $310K | +6.9% |
| Hampshire County | $381.7K | $400K | +4.8% |
Housing Supply in Hampden County, MA
How many homes are available in Hampden County, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 985 | 1,058 | +7.4% |
Summary: The Hampden County real estate market had 1,058 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 155 | 165 | +6.5% |
| 3 Bedrooms | 390 | 444 | +13.8% |
| 4 Bedrooms | 213 | 215 | +0.9% |
| 5+ Bedrooms | 214 | 220 | +2.8% |
Summary: The Hampden County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 2.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 265 | 310 | +17.0% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
196 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampden County, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 310 homes were sold or pending in Hampden County in April 2024, up by 17.0% month-over-month. Of the 310 sold homes, 25% were sold under asking, 12% were sold at asking, and 63% were sold over asking.
Days on Market for Hampden County, MA
How long does it take to sell a home in Hampden County, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 31 Days | -21.3% |
Summary: Homes in Hampden County had an average of 31 days on market in Apr 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
220 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampden County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 310 homes were sold in Hampden County; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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