Is Hope Mills, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Hope Mills has remained a Seller's Market.
Housing Prices in Hope Mills, NC
How much do homes in Hope Mills, NC cost?
Median Sold Price
$270,023
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Hope Mills was $270,023 in June 2024, up 3.9% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $144K | $143K | -0.7% |
3 Bedrooms | $220K | $237.9K | +8.2% |
4 Bedrooms | $312.2K | $328.3K | +5.1% |
5+ Bedrooms | $374.1K | $385K | +2.9% |
Summary: Hope Mills housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
Pearces Mill Township | $191.2K | $213.6K | +11.7% |
Fayetteville | $215.2K | $226.3K | +5.2% |
Rockfish Township | $239K | $250K | +4.6% |
Hope Mills | $259.9K | $270K | +3.9% |
Housing Supply in Hope Mills, NC
How many homes are available in Hope Mills, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
240 | 227 | -5.4% |
Summary: The Hope Mills real estate market had 227 homes for sale in June 2024, a 5.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 109 | 118 | +8.3% |
4 Bedrooms | 107 | 83 | -22.4% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Hope Mills housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
69 | 46 | -33.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Hope Mills in June 2024, down by 33.3% month-over-month. Of the 46 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for Hope Mills, NC
How long does it take to sell a home in Hope Mills, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
61 Days | 30 Days | -50.3% |
Summary: Homes in Hope Mills had an average of 30 days on market in Jun 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 46 homes were sold in Hope Mills; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.