$8,906 Closing Credit*
$750,000
1,752 SqFt
4 Beds
•2 Full Baths
Wenner Nunes, Listing Office: Keller Williams Park Views
Is Hopewell, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hopewell was a Seller's Market.
Key Takeaway
Hopewell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hopewell, NJ
How much do homes in Hopewell, NJ cost?
Median Sold Price
$644,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+3.0%)
Key Takeaway
Homes in Hopewell have sold for 3% more than they did a year ago.
Summary: The median home sold price in Hopewell was $644,000 in October 2024, up 3% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $413K | $465K | +12.6% |
| 3 Bedrooms | $545K | $535K | -1.8% |
| 4 Bedrooms | $775K | $755K | -2.6% |
| 5+ Bedrooms | $897.5K | $1.0M | +19.8% |
Summary: Hopewell 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 12.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Hopewell | $625K | $644K | +3.0% |
| Hopewell Township | $615.8K | $627.5K | +1.9% |
Housing Supply in Hopewell, NJ
How many homes are available in Hopewell, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Hopewell real estate market had 21 homes for sale in October 2024, a 23.5% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hopewell 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopewell, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Hopewell in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 31 Days | -54.8% |
Summary: Homes in Hopewell had an average of 31 days on market in Oct 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hopewell has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Hopewell; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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