The Long & Foster Market Minute

Focus On: Hamilton Housing Market March 2021

Zip Code(s): 08610
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -7%
Vs. Year Ago
Down -71%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -48%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 26 sold this month in Hamilton Real Estate versus 20 last month, an increase of 30%. This month's total units sold was lower than at this time last year, a decrease of 7% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 50 units or 71%. The total number of active inventory this March was 20 compared to 70 in March 2020. This month's total of 20 is lower than the previous month's total supply of available inventory of 32, a decrease of 38%.

Median Sale Price
Last March, the median sale price for Hamilton Homes was $186,000. This March, the median sale price was $225,500, an increase of 21% or $39,500 compared to last year. The current median sold price is 6% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 30%
Vs. Year Ago
Up 113%
Vs. Year Ago
Up 2.2%
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In March, there was 0.8 months of supply available in Hamilton, compared to 2.5 in March 2020. That is a decrease of 69% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 48 homes newly listed for sale in Hamilton compared to 37 in March 2020, an increase of 30%. There were 51 current contracts pending sale this March compared to 24 a year ago. The number of current contracts is 113% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Hamilton was 101.3% of the average list price, which is 2.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 61, a decrease of 48%.

The Long & Foster Market Minute Hamilton are defined as properties listed in zip code/s 08610.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.