$3,868 Closing Credit*
$325,700
2,210 SqFt
4 Beds
•2 Full Baths, 1 Partial
KYRA HODGE, Listing Office: EXP REALTY LLC
Is Hope Mills, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$273,266
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,139(+2.7%)
Key Takeaway
Homes in Hope Mills have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Hope Mills was $273,266 in October 2024, up 2.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $161.5K | +7.7% |
| 3 Bedrooms | $230.9K | $241.9K | +4.8% |
| 4 Bedrooms | $313.7K | $330.5K | +5.3% |
| 5+ Bedrooms | $375.5K | $385K | +2.5% |
Summary: Hope Mills 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 increased by 7.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Pearces Mill Township | $201K | $221.6K | +10.3% |
| Fayetteville | $219.9K | $233.6K | +6.2% |
| Hope Mills | $266.1K | $273.2K | +2.7% |
| Rockfish Township | $249.9K | $254K | +1.6% |
Housing Supply in Hope Mills, NC
How many homes are available in Hope Mills, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 214 | 224 | +4.7% |
Summary: The Hope Mills real estate market had 224 homes for sale in October 2024, a 4.7% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 127 | 130 | +2.4% |
| 4 Bedrooms | 70 | 72 | +2.9% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Hope Mills 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 increased by 33.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 59 | +25.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hope Mills, expect to pay close to the asking price. 49.2% of homes here sold near the asking price last month.
Summary: A total of 59 homes were sold or pending in Hope Mills in October 2024, up by 25.5% month-over-month. Of the 59 sold homes, 32% were sold under asking, 49% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 40 Days | -43.7% |
Summary: Homes in Hope Mills had an average of 40 days on market in Oct 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 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 October 2024, 59 homes were sold in Hope Mills; 59% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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