$2,136 Closing Credit*
$179,900
980 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Better Homes & Gardens S Brnch
Is New Hope, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, New Hope was a Neutral Market.
Key Takeaway
New Hope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Hope, AL
How much do homes in New Hope, AL cost?
Median Sold Price
$260,950
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,950(+11.0%)
Key Takeaway
Homes in New Hope have sold for 11% more than they did a year ago.
Summary: The median home sold price in New Hope was $260,950 in October 2024, up 11% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $223K | $135K | -39.5% |
| 3 Bedrooms | $220K | $265K | +20.5% |
| 4 Bedrooms | $360.7K | $282.7K | -21.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Hope housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.5%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Hope | $235K | $260.9K | +11.0% |
| Owens Cross Roads | $390K | $386.8K | -0.8% |
Housing Supply in New Hope, AL
How many homes are available in New Hope, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The New Hope real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Hope housing inventory by bedroom type for October 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 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Hope, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Hope in October 2024, down by 57.1% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for New Hope, AL
We’re sorry, we don't have information for this market at the moment
