$10,000 Closing Credit*
$1,195,000
2,110 SqFt
4 Beds
•2 Full Baths
Richard Samuel Gebbia II, Listing Office: Nexthome Force Realty Partners
Is Hopewell Township, 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 Township was a Seller's Market.
Key Takeaway
Hopewell Township 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 Township, NJ
How much do homes in Hopewell Township, NJ cost?
Median Sold Price
$625,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+0.8%)
Key Takeaway
Homes in Hopewell Township have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Hopewell Township was $625,000 in November 2024, up 0.8% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $840K | +158.5% |
| 2 Bedrooms | $390K | $475K | +21.8% |
| 3 Bedrooms | $500K | $545K | +9.0% |
| 4 Bedrooms | $762.5K | $795K | +4.3% |
| 5+ Bedrooms | $967.5K | $1.0M | +9.8% |
Summary: Hopewell Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 158.5%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Titusville | $517.5K | $615K | +18.8% |
| Hopewell | $625K | $635K | +1.6% |
| Hopewell Township | $620K | $625K | +0.8% |
| Pennington | $620K | $600K | -3.2% |
| West Amwell Township | $675K | $585K | -13.3% |
Housing Supply in Hopewell Township, NJ
How many homes are available in Hopewell Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 85 | -9.6% |
Summary: The Hopewell Township real estate market had 85 homes for sale in November 2024, a 9.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 36 | 27 | -25.0% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Hopewell Township 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 increased by 22.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopewell Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Hopewell Township in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Hopewell Township, NJ
How long does it take to sell a home in Hopewell Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 82 Days | +105.8% |
Summary: Homes in Hopewell Township had an average of 82 days on market in Nov 2024, up by 105.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopewell Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Hopewell Township; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.