Is Hopewell Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hopewell Township was a Buyer's Market.
Key Takeaway
Hopewell Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hopewell Township, NJ
How much do homes in Hopewell Township, NJ cost?
Median Sold Price
$447,625
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hopewell Township have sold for 49.2% more than they did a year ago.
Summary: The median home sold price in Hopewell Township was $447,625 in April 2024, up 49.2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $347.5K | +110.6% |
| 3 Bedrooms | $275K | $345K | +25.5% |
| 4 Bedrooms | $595K | $690K | +16.0% |
| 5+ Bedrooms | $280K | $967.5K | +245.5% |
Summary: Hopewell Township 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 increased by 110.6%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 245.5%.
Median Sold Price Compared To Nearby Cities
| Hopewell Township | $300K | $447.6K | +49.2% |
| Upper Deerfield Township | $241K | $299K | +24.1% |
| Bridgeton | $206.5K | $239.4K | +16.0% |
Housing Supply in Hopewell Township, NJ
How many homes are available in Hopewell Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Summary: The Hopewell Township real estate market had 41 homes for sale in April 2024, a 24.2% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hopewell Township 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hopewell Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hopewell Township in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +54.0% |
Summary: Homes in Hopewell Township had an average of 25 days on market in Apr 2024, up by 54% compared to last year.
Breakdown of Home Sale Times
5 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 Hopewell Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Hopewell Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.