Is Hopewell Junction, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hopewell Junction was a Seller's Market.
Housing Prices in Hopewell Junction, NY
How much do homes in Hopewell Junction, NY cost?
Median Sold Price
$538,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hopewell Junction was $538,000 in March 2024, up 15.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $270K | +390.9% |
2 Bedrooms | $270K | $305K | +13.0% |
3 Bedrooms | $422.5K | $490K | +16.0% |
4 Bedrooms | $673.5K | $640K | -5.0% |
5+ Bedrooms | $630K | $665.8K | +5.7% |
Summary: Hopewell Junction housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 390.9%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Hopewell Junction | $464.5K | $538K | +15.8% |
Wappinger | $365K | $421.2K | +15.4% |
Stormville | $498.7K | $572.5K | +14.8% |
East Fishkill | $496.9K | $560K | +12.7% |
Beekman | $399K | $445K | +11.5% |
Housing Supply in Hopewell Junction, NY
How many homes are available in Hopewell Junction, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 83 | +2.5% |
Summary: The Hopewell Junction real estate market had 83 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 30 | 26 | -13.3% |
4 Bedrooms | 31 | 37 | +19.4% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Hopewell Junction housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Hopewell Junction in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for Hopewell Junction, NY
How long does it take to sell a home in Hopewell Junction, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 79 Days | +5.0% |
Summary: Homes in Hopewell Junction had an average of 79 days on market in Mar 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Hopewell Junction; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.