$5,936 Closing Credit*
$499,900
2,800 SqFt
4 Beds
•2 Full Baths, 1 Partial
Robert W. Barnhardt, Jr. Jr., Listing Office: EXP Realty, LLC
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 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
$406,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$53,500(-11.6%)
Key Takeaway
Homes in Hopewell Township have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Hopewell Township was $406,500 in November 2024, down 11.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $408K | +40.7% |
| 3 Bedrooms | $390K | $307.5K | -21.2% |
| 4 Bedrooms | $775K | $616K | -20.5% |
| 5+ Bedrooms | $845K | $1.0M | +27.2% |
Summary: Hopewell Township 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 40.7%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes increased by 27.2%.
Median Sold Price Compared To Nearby Cities
| Upper Deerfield Township | $268.7K | $324K | +20.6% |
| Bridgeton | $225K | $250K | +11.1% |
| Hopewell Township | $460K | $406.5K | -11.6% |
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 |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Hopewell Township real estate market had 31 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
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 Township, 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 Township in November 2024, the same as the previous 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 Township, NJ
How long does it take to sell a home in Hopewell Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -18.6% |
Summary: Homes in Hopewell Township had an average of 19 days on market in Nov 2024, down by 18.6% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Hopewell Township; 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.
