Is Hopewell Junction, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$540,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hopewell Junction was $540,000 in May 2024, up 15.3% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $270K | +440.0% |
2 Bedrooms | $272.5K | $300K | +10.1% |
3 Bedrooms | $415K | $490.5K | +18.2% |
4 Bedrooms | $652.5K | $650K | -0.4% |
5+ Bedrooms | $595K | $681.7K | +14.6% |
Summary: Hopewell Junction housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 440%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
Stormville | $493.8K | $590K | +19.5% |
Hopewell Junction | $468.2K | $540K | +15.3% |
Wappinger | $370.5K | $425.3K | +14.8% |
East Fishkill | $498.8K | $570.1K | +14.3% |
Beekman | $405K | $449K | +10.9% |
Housing Supply in Hopewell Junction, NY
How many homes are available in Hopewell Junction, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 121 | +31.5% |
Summary: The Hopewell Junction real estate market had 121 homes for sale in May 2024, a 31.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 34 | 36 | +5.9% |
4 Bedrooms | 38 | 57 | +50.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hopewell Junction housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Hopewell Junction in May 2024, up by 77.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
90 Days | 48 Days | -47.1% |
Summary: Homes in Hopewell Junction had an average of 48 days on market in May 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Hopewell Junction; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.