Is Hope, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hope is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Hope has remained a Seller's Market.

Key Takeaway

Hope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hope, IN

How much do homes in Hope, IN cost?

Median Sold Price

$250,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,500(+29.9%)

Key Takeaway

Homes in Hope have sold for 29.9% more than they did a year ago.

Summary: The median home sold price in Hope was $250,000 in November 2024, up 29.9% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $102.5K-
N/A
2 $170K$180K
+5.9%
3 $184.9K$250K
+35.2%
4 $408.5K$343K
-16.0%
5+ $527.5K$250K
-52.6%

Summary: 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 increased by 5.9%, 3 bedroom homes increased by 35.2%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 52.6%.

Housing Supply in Hope, IN

How many homes are available in Hope, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
710+42.9%

Summary: The Hope real estate market had 10 homes for sale in November 2024, a 42.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 24
+100.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hope, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Hope in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Hope, IN

How long does it take to sell a home in Hope, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days13 Days-30.7%

Summary: Homes in Hope had an average of 13 days on market in Nov 2024, down by 30.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hope are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Hope; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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