$831 Closing Credit*
$70,000
1,404 SqFt
3 Beds
•2 Full Baths
SUSAN NEPSTAD, Listing Office: SWEET HOME REAL ESTATE OF FAYETTEVILLE
Is Hope Mills, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hope Mills has remained a Seller's Market.
Key Takeaway
Hope Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hope Mills, NC
How much do homes in Hope Mills, NC cost?
Median Sold Price
$277,933
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,818(+4.4%)
Key Takeaway
Homes in Hope Mills have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Hope Mills was $277,933 in November 2024, up 4.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $153.5K | $158K | +2.9% |
| 3 Bedrooms | $234.7K | $245.7K | +4.7% |
| 4 Bedrooms | $310K | $330.2K | +6.5% |
| 5+ Bedrooms | $380K | $385K | +1.3% |
Summary: Hope Mills 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 2.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Pearces Mill Township | $204.2K | $225K | +10.2% |
| Fayetteville | $220.5K | $235K | +6.5% |
| Hope Mills | $266.1K | $277.9K | +4.4% |
| Rockfish Township | $250K | $255.6K | +2.3% |
Housing Supply in Hope Mills, NC
How many homes are available in Hope Mills, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 224 | 180 | -19.6% |
Summary: The Hope Mills real estate market had 180 homes for sale in November 2024, a 19.6% decrease 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 | 8 | 5 | -37.5% |
| 3 Bedrooms | 131 | 101 | -22.9% |
| 4 Bedrooms | 72 | 62 | -13.9% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Hope Mills 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 37.5%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 41 | -39.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hope Mills, expect to pay close to the asking price. 61% of homes here sold near the asking price last month.
Summary: A total of 41 homes were sold or pending in Hope Mills in November 2024, down by 39.7% month-over-month. Of the 41 sold homes, 22% were sold under asking, 61% were sold at asking, and 17% were sold over asking.
Days on Market for Hope Mills, NC
How long does it take to sell a home in Hope Mills, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 37 Days | +8.4% |
Summary: Homes in Hope Mills had an average of 37 days on market in Nov 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hope Mills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 41 homes were sold in Hope Mills; 66% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.