Is Mount Hope, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Hope is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Mount Hope has remained a Seller's Market.

Key Takeaway

Mount Hope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mount Hope, NY

How much do homes in Mount Hope, NY cost?

Median Sold Price

$477,500

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$62,500(+15.1%)

Key Takeaway

Homes in Mount Hope have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Mount Hope was $477,500 in December 2024, up 15.1% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$115K
N/A
2 $228K$180K
-21.1%
3 $412.5K$475K
+15.2%
4 $464.5K$510K
+9.8%
5+ $305.5K$560K
+83.3%

Summary: Mount Hope housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 83.3%.

Median Sold Price Compared To Nearby Cities

Mount Hope
+15.1%
Wallkill
+6.3%
Greenville
+1.4%

Housing Supply in Mount Hope, NY

How many homes are available in Mount Hope, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2624-7.7%

Summary: The Mount Hope real estate market had 24 homes for sale in December 2024, a 7.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 55
0.0%
3 87
-12.5%
4 810
+25.0%
5+ 31
-66.7%

Summary: The Mount Hope housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Hope, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Mount Hope in December 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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

Dec 2023Dec 2024CHANGE
21 Days53 Days+156.5%

Summary: Homes in Mount Hope had an average of 53 days on market in Dec 2024, up by 156.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Hope are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 7 homes were sold in Mount Hope; 57% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Mount Hope, NY

Nearby Markets to Mount Hope, NY

What housing markets are near Mount Hope, NY?