$3,432 Closing Credit*
$289,000
1,463 SqFt
2 Beds
•1 Full Bath
Jan M Elwell, Listing Office: Keller Williams Prime Realty
Is Hopewell Township, 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 Township was a Seller's Market.
Key Takeaway
Hopewell Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hopewell Township, NJ
How much do homes in Hopewell Township, NJ cost?
Median Sold Price
$389,900
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$75,100(-16.2%)
Key Takeaway
Homes in Hopewell Township have sold for 16.2% less than they did a year ago.
Summary: The median home sold price in Hopewell Township was $389,900 in October 2024, down 16.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $385K | +32.8% |
| 3 Bedrooms | $367.5K | $305K | -17.0% |
| 4 Bedrooms | $775K | $584K | -24.6% |
| 5+ Bedrooms | $897.5K | $1.0M | +14.2% |
Summary: Hopewell Township 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 32.8%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Upper Deerfield Township | $270K | $315K | +16.7% |
| Bridgeton | $225.3K | $249K | +10.5% |
| Hopewell Township | $465K | $389.9K | -16.2% |
Housing Supply in Hopewell Township, NJ
How many homes are available in Hopewell Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Hopewell Township real estate market had 33 homes for sale in October 2024, a 17.9% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Hopewell Township 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 30%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hopewell Township in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 27 Days | -43.8% |
Summary: Homes in Hopewell Township had an average of 27 days on market in Oct 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 October 2024, 2 homes were sold in Hopewell Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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