Is Hamilton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hamilton was a Seller's Market.
Key Takeaway
Hamilton 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 Hamilton, NY
How much do homes in Hamilton, NY cost?
Median Sold Price
$335,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hamilton have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Hamilton was $335,000 in May 2024, up 12.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $129.2K | N/A |
| 2 Bedrooms | $266K | $272.4K | +2.4% |
| 3 Bedrooms | $302.2K | $370K | +22.4% |
| 4 Bedrooms | $280K | $322.5K | +15.2% |
| 5+ Bedrooms | $335K | $452.5K | +35.1% |
Summary: Hamilton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Cities
| Hamilton | $297.5K | $335K | +12.6% |
| Eaton | $180K | $180K | 0.0% |
Housing Supply in Hamilton, NY
How many homes are available in Hamilton, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Hamilton real estate market had 26 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Hamilton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Hamilton in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Hamilton, NY
How long does it take to sell a home in Hamilton, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 83 Days | 20 Days | -75.8% |
Summary: Homes in Hamilton had an average of 20 days on market in May 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamilton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Hamilton; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
