Is Hopewell Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hopewell Township has remained a Seller's Market.
Housing Prices in Hopewell Township, PA
How much do homes in Hopewell Township, PA cost?
Median Sold Price
$198,050
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hopewell Township was $198,050 in April 2024, up 7.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $150K | $161K | +7.3% |
3 Bedrooms | $195K | $208.5K | +6.9% |
4 Bedrooms | $280K | $355K | +26.8% |
5+ Bedrooms | $128.8K | $275K | +113.5% |
Summary: Hopewell Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 113.5%.
Housing Supply in Hopewell Township, PA
How many homes are available in Hopewell Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 49 | -7.5% |
Summary: The Hopewell Township real estate market had 49 homes for sale in April 2024, a 7.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 31 | 28 | -9.7% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hopewell Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 9 | -65.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Hopewell Township in April 2024, down by 65.4% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Hopewell Township, PA
How long does it take to sell a home in Hopewell Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 51 Days | +132.4% |
Summary: Homes in Hopewell Township had an average of 51 days on market in Apr 2024, up by 132.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Hopewell Township; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.