Is Hope Mills, 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 Mills has remained a Seller's Market.
Key Takeaway
Hope Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hope Mills, NC
How much do homes in Hope Mills, NC cost?
Median Sold Price
$268,400
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hope Mills have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Hope Mills was $268,400 in April 2024, up 11.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $138.2K | $154K | +11.4% |
| 3 Bedrooms | $205.6K | $237.5K | +15.5% |
| 4 Bedrooms | $311.3K | $312K | 0.2% |
| 5+ Bedrooms | $382.4K | $385K | +0.7% |
Summary: Hope Mills 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 11.4%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Pearces Mill Township | $185K | $209.5K | +13.2% |
| Hope Mills | $241.6K | $268.4K | +11.1% |
| Rockfish Township | $230K | $252.8K | +9.9% |
| Fayetteville | $209.8K | $225K | +7.2% |
Housing Supply in Hope Mills, NC
How many homes are available in Hope Mills, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 205 | 193 | -5.9% |
Summary: The Hope Mills real estate market had 193 homes for sale in April 2024, a 5.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 104 | 93 | -10.6% |
| 4 Bedrooms | 77 | 80 | +3.9% |
| 5+ Bedrooms | 18 | 13 | -27.8% |
Summary: The Hope Mills 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 increased by 20%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 27.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hope Mills, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Hope Mills in April 2024, down by 1.7% month-over-month. Of the 57 sold homes, 40% were sold under asking, 39% were sold at asking, and 21% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 22 Days | -54.9% |
Summary: Homes in Hope Mills had an average of 22 days on market in Apr 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hope Mills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 57 homes were sold in Hope Mills; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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