The LoCo Real Estate Market Report

Hamilton, VA

Single-Family Homes

www.LoCoMusings.com



Current active inventory in Hamilton, VA is very low. Keep this in mind when looking at this report.

Hamilton, VA

Sun Dec 03 2023
This week the median list price for Hamilton, VA is $1,237,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 2. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Hamilton, VA

Sun Dec 03 2023
This week the median list price for Hamilton, VA is $1,237,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 2. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Hamilton market.
Median List Price $1,237,000
Median Price of New Listings $679,000
Per Square Foot $290
Average Days on Market 102
Median Days on Market 102
Price Decreased 50%
Price Increased 0%
Relisted 50%
Inventory 2
Median Rent
Market Action 45
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$1,795,000 8,620 10 - 20 acres 5 6.5 20 0 0 203
$679,000 1,825 0.5 - 1 acre 4 3 123 1 0 0