$7,707 Closing Credit*
$649,000
1,558 SqFt
3 Beds
•2 Full Baths
Listing Office: Dipietro Real Estate
Is Hope Valley, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hope Valley has remained a Seller's Market.
Key Takeaway
Hope Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hope Valley, RI
How much do homes in Hope Valley, RI cost?
Median Sold Price
$549,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$114,050(+26.2%)
Key Takeaway
Homes in Hope Valley have sold for 26.2% more than they did a year ago.
Summary: The median home sold price in Hope Valley was $549,000 in November 2024, up 26.2% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.7K | - | N/A |
| 2 Bedrooms | $345K | $555K | +60.9% |
| 3 Bedrooms | $465K | $520K | +11.8% |
| 4 Bedrooms | $540K | $645K | +19.4% |
| 5+ Bedrooms | $208K | $635K | +205.3% |
Summary: Hope Valley 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 60.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 205.3%.
Housing Supply in Hope Valley, RI
How many homes are available in Hope Valley, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The Hope Valley real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hope Valley 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 decreased by 40%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
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 Hope Valley, 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 Hope Valley in November 2024, down by 50.0% 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 Hope Valley, RI
How long does it take to sell a home in Hope Valley, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 44 Days | +100.0% |
Summary: Homes in Hope Valley had an average of 44 days on market in Nov 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hope Valley has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Hope Valley; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
