Is Hope Mills, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$266,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $136.7K | $153.5K | +12.2% |
3 Bedrooms | $204.9K | $233.5K | +13.9% |
4 Bedrooms | $315.5K | $311.6K | -1.2% |
5+ Bedrooms | $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 | $203.7K | $223.5K | +9.7% |
Hope Mills | $242.7K | $266K | +9.6% |
Pearces Mill Township | $181.1K | $198K | +9.3% |
Rockfish Township | $229.9K | $250K | +8.7% |
Housing Supply in Hope Mills, NC
How many homes are available in Hope Mills, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
168 | 172 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 83 | 84 | +1.2% |
4 Bedrooms | 67 | 71 | +6.0% |
5+ Bedrooms | 15 | 13 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 33 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
77 Days | 76 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
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.