$5,819 Closing Credit*
$490,000
1,253 SqFt
2 Beds
•2 Full Baths
Susan Dehaven, Listing Office: Corcoran Sawyer Smith
Is Hopewell, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hopewell was a Seller's Market.
Key Takeaway
Hopewell is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hopewell, NJ
How much do homes in Hopewell, NJ cost?
Median Sold Price
$635,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+1.6%)
Key Takeaway
Homes in Hopewell have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Hopewell was $635,000 in November 2024, up 1.6% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $413K | $460K | +11.4% |
| 3 Bedrooms | $540K | $542.5K | 0.5% |
| 4 Bedrooms | $780K | $755K | -3.2% |
| 5+ Bedrooms | $845K | $1.1M | +33.1% |
Summary: Hopewell 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 11.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Hopewell | $625K | $635K | +1.6% |
| Hopewell Township | $620K | $625K | +0.8% |
Housing Supply in Hopewell, NJ
How many homes are available in Hopewell, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The Hopewell real estate market had 19 homes for sale in November 2024, a 9.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hopewell 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 remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopewell, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Hopewell in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Hopewell, NJ
How long does it take to sell a home in Hopewell, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -39.6% |
Summary: Homes in Hopewell had an average of 19 days on market in Nov 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopewell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Hopewell; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
