What have home prices been doing in Hampshire this year?
Median home prices in Hampshire IL have been on the rise since September. We’re currently seeing a median list price of $213,990. The chart below is a good comparison of median list prices vs. median sales prices in Hampshire IL for the last year. As you can see, with a few exceptions during the start of 2016, home buyers and sellers were fairly aligned.
Are home prices in Hampshire IL going up or down?
Home prices in Hampshire were up 26.7% in January as compared to December. The median sales price right now is $200,500. Home prices have dropped year-over-year by 5.1%. Hampshire homes are expected to rebound soon and increase in value as in surrounding communities.
Is Hampshire in a buyers or sellers market right now?
Inventory of homes for sale in Hampshire is at 6 months. Anything between 3-6 months could be considered a stable market. Inventory below 3 months puts us in a sellers market where prices can rise and market times fall. Over 6 months and a buyers market takes over resulting in lower prices and longer market times.
What types of homes are for sale in Hampshire right now?
A lot of Hampshire homeowners may be concerned about foreclosures and short sales dragging down the market. Actually, we’ve seen the numbers of bank-owned and distressed properties fall in Hampshire. In January, almost 91% of homes for sale were traditional sales. There were 5 foreclosures on the market, this is down from the last two months and at the lowest point since February 2014. Short sales are on the decline also at their lowest point in recent history. Home prices in Hampshire IL are not being affected by these factors.
How long is it taking to sell a home in Hampshire right now?
The median market time for a home in Hampshire is at 72 days. This is at one of the higher points this year. This is also up from 60 days in January 2016.
Want a rough idea of your home’s current value?
Fill out the form below to view an online analysis of your Hampshire IL home price. While not as accurate as meeting with us in person, it can help you determine if selling your Hampshire home makes sense right now.
Looking for something more accurate?
The Kombrink Lobrillo Team at RE/MAX All Pro takes a very analytical approach to pricing your home. Using a process similar to that of an actual home appraiser, our in-depth analysis produces a pricing strategy to get your home sold for top dollar in the least amount of time. Combine that with our top notch marketing strategy and we’ll help you realize your real estate goals before you know it.
Contact our Hampshire Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home. Matt can be reached at 630-488-3300.