Is Hopwood, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hopwood has remained a Seller's Market.
Key Takeaway
Hopwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopwood, PA
How much do homes in Hopwood, PA cost?
Median Sold Price
$190,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hopwood have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Hopwood was $190,000 in May 2024, down 11.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $153.7K | $160K | +4.1% |
| 3 Bedrooms | $229K | $210.8K | -7.9% |
| 4 Bedrooms | $285K | $222.5K | -21.9% |
| 5+ Bedrooms | - | $129.9K | N/A |
Summary: Hopwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Union Township | $147.5K | $155K | +5.1% |
| Wharton Township | $282K | $290K | +2.8% |
| South Union Township | $215K | $220K | +2.3% |
| Hopwood | $215K | $190K | -11.6% |
Housing Supply in Hopwood, PA
How many homes are available in Hopwood, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Hopwood real estate market had 11 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hopwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopwood, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hopwood in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Hopwood, PA
How long does it take to sell a home in Hopwood, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 114 Days | 49 Days | -57.0% |
Summary: Homes in Hopwood had an average of 49 days on market in May 2024, down by 57% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Hopwood; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
