In Hampton, only 9 homes were on the market in February, with just 3 new listings coming on, highlighting how tight supply has become. Buyers are still active enough that 7 homes went pending, and with just 1.8 months of supply, conditions tilted clearly toward a seller’s market.
Prices are adjusting in response to this limited but slower-moving activity, with the typical home value at about $495,000, down 30.87% from a year ago and 5.71% from January. List prices are reacting even faster, as the median list price dipped to roughly $475,000, a month-over-month drop of 15.85%.
Homes are taking longer to go under contract, spending a median of 72 days on the market, up more than 70% since last month and about 41% over last year, and only about 20% are selling above list price. Compared with Rockingham County’s typical value of around $580,000, Hampton’s pricing sits lower and is projected to ease further to about $480,025 next month, while county values are expected to edge down to roughly $555,272. In this kind of shifting environment, both buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent who understands Hampton’s numbers and trends.
