$3,557 Closing Credit*
$299,500
1,524 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lanayah McCullouch, Listing Office: River Hill Realtors LLC
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
$244,975
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,403(+6.7%)
Key Takeaway
Homes in Hopewell have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Hopewell was $244,975 in November 2024, up 6.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $145K | $180K | +24.1% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $269.9K | $285K | +5.6% |
| 5+ Bedrooms | $310.5K | $295K | -5.0% |
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 24.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Hopewell | $215K | $230K | +7.0% |
| Hopewell | $229.5K | $244.9K | +6.7% |
| 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 |
|---|---|---|
| 147 | 143 | -2.7% |
Summary: The Hopewell real estate market had 143 homes for sale in November 2024, a 2.7% 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 | 16 | 11 | -31.3% |
| 3 Bedrooms | 87 | 91 | +4.6% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 11 | 11 | 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 31.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopewell, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Hopewell in November 2024, the same as the previous month. Of the 32 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% 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 |
|---|---|---|
| 24 Days | 22 Days | -9.5% |
Summary: Homes in Hopewell had an average of 22 days on market in Nov 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
22 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, 32 homes were sold in Hopewell; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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