Hampton's real estate market is experiencing a price correction, with values down 24.2% from last year. Home prices have decreased 30.9% in the past month. With 2.0 months of supply, Hampton's inventory levels remain relatively tight. Properties are selling within just 5 days on average, much faster than the historical norm of 116 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Hampton market with the affordability index at 658.7. Based on current market indicators, home prices in Hampton are projected to increase by approximately 6.1% over the next month.