$3,978 Closing Credit*
$335,000
1,464 SqFt
4 Beds
•2 Full Baths, 1 Partial
Brad Williamson, Listing Office: Samson Properties
Is Hopewell, VA 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, Hopewell has remained a Seller's Market.
Key Takeaway
Hopewell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopewell, VA
How much do homes in Hopewell, VA cost?
Median Sold Price
$230,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+7.0%)
Key Takeaway
Homes in Hopewell have sold for 7% more than they did a year ago.
Summary: The median home sold price in Hopewell was $230,000 in November 2024, up 7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $146.5K | $180K | +22.9% |
| 3 Bedrooms | $202.5K | $224.9K | +11.1% |
| 4 Bedrooms | $250K | $269K | +7.6% |
| 5+ Bedrooms | $299.9K | $282.9K | -5.7% |
Summary: Hopewell 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 22.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Hopewell | $215K | $230K | +7.0% |
| Hopewell | $229.5K | $244.9K | +6.7% |
| Bermuda | $349.7K | $370K | +5.8% |
| Prince George | $323.9K | $335K | +3.4% |
| Bland | $337K | $335K | -0.6% |
Housing Supply in Hopewell, VA
How many homes are available in Hopewell, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 118 | -4.1% |
Summary: The Hopewell real estate market had 118 homes for sale in November 2024, a 4.1% 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 | 15 | 10 | -33.3% |
| 3 Bedrooms | 75 | 78 | +4.0% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Hopewell 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 33.3%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopewell, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Hopewell in November 2024, down by 10.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for Hopewell, VA
How long does it take to sell a home in Hopewell, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -11.5% |
Summary: Homes in Hopewell had an average of 23 days on market in Nov 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopewell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Hopewell; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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