$2,968 Closing Credit*
$249,900
1,000 SqFt
2 Beds
•1 Full Bath
Listing Office: Cronin & Company Real Estate
Is Mount Hope, NY 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, Mount Hope was a Seller's Market.
Key Takeaway
Mount Hope 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 Mount Hope, NY
How much do homes in Mount Hope, NY cost?
Median Sold Price
$475,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,000(+20.3%)
Key Takeaway
Homes in Mount Hope have sold for 20.3% more than they did a year ago.
Summary: The median home sold price in Mount Hope was $475,000 in November 2024, up 20.3% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $166K | $180K | +8.4% |
| 3 Bedrooms | $406.2K | $471.5K | +16.1% |
| 4 Bedrooms | $430K | $501K | +16.5% |
| 5+ Bedrooms | $305.5K | $515K | +68.6% |
Summary: Mount Hope 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 8.4%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 68.6%.
Median Sold Price Compared To Nearby Cities
| Otisville | $341K | $479K | +40.5% |
| Mount Hope | $395K | $475K | +20.3% |
| Greenville | $364K | $415K | +14.0% |
| Wallkill | $394K | $422K | +7.1% |
Housing Supply in Mount Hope, NY
How many homes are available in Mount Hope, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 19 | -36.7% |
Summary: The Mount Hope real estate market had 19 homes for sale in November 2024, a 36.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 4 | -60.0% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mount Hope 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 decreased by 60%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Hope, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mount Hope in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Hope, NY
How long does it take to sell a home in Mount Hope, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 87 Days | +102.0% |
Summary: Homes in Mount Hope had an average of 87 days on market in Nov 2024, up by 102% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mount Hope are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Mount Hope; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.