Is Hopewell, VA 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, Hopewell has remained a Seller's Market.
Housing Prices in Hopewell, VA
How much do homes in Hopewell, VA cost?
Median Sold Price
$239,900
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hopewell was $239,900 in April 2024, up 16.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195.7K | $177.2K | -9.5% |
2 Bedrooms | $126.5K | $172.5K | +36.4% |
3 Bedrooms | $200K | $229.5K | +14.8% |
4 Bedrooms | $250K | $269.9K | +8.0% |
5+ Bedrooms | $360K | $295K | -18.1% |
Summary: Hopewell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Cities
Hopewell | $192K | $225K | +17.2% |
Hopewell | $205.3K | $239.9K | +16.8% |
Bland | $310K | $335K | +8.1% |
Prince George | $309.9K | $325K | +4.9% |
Housing Supply in Hopewell, VA
How many homes are available in Hopewell, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
120 | 143 | +19.2% |
Summary: The Hopewell real estate market had 143 homes for sale in April 2024, a 19.2% 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 | 11 | 12 | +9.1% |
3 Bedrooms | 70 | 75 | +7.1% |
4 Bedrooms | 29 | 48 | +65.5% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Hopewell 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 9.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 65.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Hopewell in April 2024, up by 20.0% month-over-month. Of the 36 sold homes, 36% were sold under asking, 36% were sold at asking, and 28% were sold over asking.
Days on Market for Hopewell, VA
How long does it take to sell a home in Hopewell, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 29 Days | -0.9% |
Summary: Homes in Hopewell had an average of 29 days on market in Apr 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Hopewell; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.