Is Hope Valley Farms, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hope Valley Farms has remained a Seller's Market.
Key Takeaway
Hope Valley Farms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hope Valley Farms, NC
How much do homes in Hope Valley Farms, NC cost?
Median Sold Price
$448,250
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hope Valley Farms have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Hope Valley Farms was $448,250 in April 2024, up 11.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $317.5K | $315K | -0.8% |
| 3 Bedrooms | $385K | $420K | +9.1% |
| 4 Bedrooms | $481K | $500K | +4.0% |
| 5+ Bedrooms | $655K | $675.5K | +3.1% |
Summary: Hope Valley Farms housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Hope Valley Farms, NC
How many homes are available in Hope Valley Farms, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Hope Valley Farms real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hope Valley Farms housing inventory by bedroom type for April 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 increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hope Valley Farms, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Hope Valley Farms in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Hope Valley Farms, NC
How long does it take to sell a home in Hope Valley Farms, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 8 Days | -80.5% |
Summary: Homes in Hope Valley Farms had an average of 8 days on market in Apr 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hope Valley Farms are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Hope Valley Farms; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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