The LoCo Real Estate Market Report

Hamilton, VA

Single-Family Homes

www.LoCoMusings.com



Hamilton, VA

Sat Jul 31 2021
This week the median list price for Hamilton, VA is $855,000 with the market action index hovering around 74. This is an increase over last month's market action index of 69. Inventory has decreased to 4. Click here to stay informed with the Hamilton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Hamilton, VA

Sat Jul 31 2021
This week the median list price for Hamilton, VA is $855,000 with the market action index hovering around 74. This is an increase over last month's market action index of 69. Inventory has decreased to 4. Click here to stay informed with the Hamilton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Hamilton market.
Median List Price $855,000
Median Price of New Listings $542,500
Per Square Foot $177
Average Days on Market 28
Median Days on Market 25
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent $3,350
Market Action 74
Strong Seller's Market

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,349,000 9,048 2.5 - 5 acres 6 4 17 0 0 49
$1,050,000 6,643 2.5 - 5 acres 6 4 16 0 0 63
$660,000 3,348 1 - 2.5 acres 5 2 36 1 1 0
$425,000 988 0.25 - 0.5 acre 2 1 56 1 1 0