$2,553 Closing Credit*
$215,000
1,295 SqFt
3 Beds
•2 Full Baths
Listing Office: Down Home Real Estate
Is New Hope, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, New Hope has remained a Seller's Market.
Key Takeaway
New Hope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Hope, AL
How much do homes in New Hope, AL cost?
Median Sold Price
$262,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$27,500(+11.7%)
Key Takeaway
Homes in New Hope have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in New Hope was $262,000 in September 2024, up 11.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199K | $135K | -32.2% |
| 3 Bedrooms | $222.7K | $263.5K | +18.3% |
| 4 Bedrooms | $360K | $282.7K | -21.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Hope housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.2%, 3 bedroom homes increased by 18.3%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Hope | $234.5K | $262K | +11.7% |
| Owens Cross Roads | $393.8K | $389.6K | -1.0% |
Housing Supply in New Hope, AL
How many homes are available in New Hope, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The New Hope real estate market had 23 homes for sale in September 2024, a 15.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Hope housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Hope, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in New Hope in September 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
