The Loco Real Estate Market Report
Hamilton, VA
Single-Family Homes
Michael Elias www.LocoMusings.com
Hamilton, VA
Fri Nov 22 2019
This week the median list price for Hamilton, VA is $732,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $732,000 | |
| Per Square Foot | $151 | |
| Days on Market | 124 | |
| Price Decreased | 50% | |
| Price Increased | 6% | |
| Relisted | 0% | |
| Inventory | 16 | |
| Median Rent | $2,250 | |
| Most Expensive | $1,485,000 | |
| Least Expensive | $499,900 | |
| Market Action | 35 | |
| Slight Seller's Advantage | ||
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $962,450 | 6,827 | 2.5 - 5 acres | 5 | 5 | 8 | 0 | 0 | 266 |
| $748,500 | 5,324 | 1 - 2.5 acres | 4 | 3 | 15 | 0 | 0 | 50 |
| $689,450 | 4,854 | 2.5 - 5 acres | 4 | 3 | 15 | 0 | 0 | 120 |
| $594,900 | 3,216 | 5 - 10 acres | 3 | 3 | 34 | 0 | 2 | 59 |