Is Hope Mills, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hope Mills is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Hope Mills has remained a Seller's Market.

Key Takeaway

Hope Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hope Mills, NC

How much do homes in Hope Mills, NC cost?

Median Sold Price

$266,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$23,250(+9.6%)

Key Takeaway

Homes in Hope Mills have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Hope Mills was $266,000 in February 2024, up 9.6% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $136.7K$153.5K
+12.2%
3 $204.9K$233.5K
+13.9%
4 $315.5K$311.6K
-1.2%
5+ $378.5K$380K
0.4%

Summary: Hope Mills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Cities

Fayetteville
+9.7%
Hope Mills
+9.6%
Pearces Mill Township
+9.3%
Rockfish Township
+8.7%

Housing Supply in Hope Mills, NC

How many homes are available in Hope Mills, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
168172+2.4%

Summary: The Hope Mills real estate market had 172 homes for sale in February 2024, a 2.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 8384
+1.2%
4 6771
+6.0%
5+ 1513
-13.3%

Summary: The Hope Mills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3433-2.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hope Mills, expect to pay close to the asking price. 48.5% of homes here sold near the asking price last month.

Summary: A total of 33 homes were sold or pending in Hope Mills in February 2024, down by 2.9% month-over-month. Of the 33 sold homes, 33% were sold under asking, 48% were sold at asking, and 18% 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

Feb 2023Feb 2024CHANGE
77 Days76 Days-1.9%

Summary: Homes in Hope Mills had an average of 76 days on market in Feb 2024, down by 1.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hope Mills are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 33 homes were sold in Hope Mills; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Hope Mills, NC

Nearby Markets to Hope Mills, NC

What housing markets are near Hope Mills, NC?