Is Hopewell Township, 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, Hopewell Township has remained a Seller's Market.
Housing Prices in Hopewell Township, PA
How much do homes in Hopewell Township, PA cost?
Median Sold Price
$370,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hopewell Township was $370,000 in May 2024, up 1.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250.5K | $220K | -12.2% |
3 Bedrooms | $350K | $394.9K | +12.9% |
4 Bedrooms | $415K | $365K | -12.0% |
5+ Bedrooms | $576.9K | $480K | -16.8% |
Summary: Hopewell Township 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 decreased by 12.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
Stewartstown | $340K | $369.9K | +8.8% |
Hopewell Township | $363.5K | $370K | +1.8% |
Shrewsbury Township | $334.5K | $332K | -0.7% |
Housing Supply in Hopewell Township, PA
How many homes are available in Hopewell Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Summary: The Hopewell Township real estate market had 34 homes for sale in May 2024, a 5.6% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hopewell Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hopewell Township in May 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Hopewell Township, PA
How long does it take to sell a home in Hopewell Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
89 Days | 68 Days | -23.5% |
Summary: Homes in Hopewell Township had an average of 68 days on market in May 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Hopewell Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.