$8,016 Closing Credit*
$675,000
2,557 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brent Henson, Listing Office: Compass -- Raleigh
Is Hope Valley Farms, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Hope Valley Farms was a Buyer's Market.
Key Takeaway
Hope Valley Farms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hope Valley Farms, NC
How much do homes in Hope Valley Farms, NC cost?
Median Sold Price
$440,306
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$13,306(+3.1%)
Key Takeaway
Homes in Hope Valley Farms have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Hope Valley Farms was $440,306 in December 2024, up 3.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $327.5K | +4.0% |
| 3 Bedrooms | $415K | $432.5K | +4.2% |
| 4 Bedrooms | $488.5K | $519K | +6.2% |
| 5+ Bedrooms | $676K | $635K | -6.1% |
Summary: Hope Valley Farms housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in Hope Valley Farms, NC
How many homes are available in Hope Valley Farms, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Summary: The Hope Valley Farms real estate market had 15 homes for sale in December 2024, a 34.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 6 | -57.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hope Valley Farms housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hope Valley Farms, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Hope Valley Farms in December 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Hope Valley Farms, NC
How long does it take to sell a home in Hope Valley Farms, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 18 Days | -27.5% |
Summary: Homes in Hope Valley Farms had an average of 18 days on market in Dec 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hope Valley Farms are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in Hope Valley Farms; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright © 2025 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.