$49,900
0.34 Acres
Land
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 November 2023
At the same time last year, New Hope was a Seller's 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
$262,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,750(+13.3%)
Key Takeaway
Homes in New Hope have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in New Hope was $262,000 in November 2024, up 13.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199K | $144.2K | -27.5% |
| 3 Bedrooms | $217.5K | $263.5K | +21.1% |
| 4 Bedrooms | $360K | $292.9K | -18.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Hope housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.5%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Hope | $231.2K | $262K | +13.3% |
| Owens Cross Roads | $392.9K | $389.2K | -0.9% |
Housing Supply in New Hope, AL
How many homes are available in New Hope, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The New Hope real estate market had 28 homes for sale in November 2024, a 3.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Hope housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 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 November 2024, the same as the previous month. Of the 3 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
