Is Hopewell Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Hopewell Township was a Seller's Market.
Housing Prices in Hopewell Township, NJ
How much do homes in Hopewell Township, NJ cost?
Median Sold Price
$620,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hopewell Township was $620,000 in February 2024, up 9.7% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $360K | N/A |
2 Bedrooms | $382.5K | $385K | +0.7% |
3 Bedrooms | $485K | $525K | +8.2% |
4 Bedrooms | $730K | $750K | +2.7% |
5+ Bedrooms | $999.5K | $992.2K | -0.7% |
Summary: Hopewell Township 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 0.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
West Amwell Township | $450K | $615K | +36.7% |
Hopewell Township | $565K | $620K | +9.7% |
Pennington | $611K | $615K | +0.7% |
Titusville | $583K | $530K | -9.1% |
Housing Supply in Hopewell Township, NJ
How many homes are available in Hopewell Township, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
96 | 97 | +1.0% |
Summary: The Hopewell Township real estate market had 97 homes for sale in February 2024, a 1.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 34 | 29 | -14.7% |
4 Bedrooms | 31 | 35 | +12.9% |
5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Hopewell Township 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 16.7%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hopewell Township in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hopewell Township, NJ
How long does it take to sell a home in Hopewell Township, NJ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
104 Days | 18 Days | -82.2% |
Summary: Homes in Hopewell Township had an average of 18 days on market in Feb 2024, down by 82.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Hopewell Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.