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.
Key Takeaway
Hopewell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopewell Township, PA
How much do homes in Hopewell Township, PA cost?
Median Sold Price
$380,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hopewell Township have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Hopewell Township was $380,000 in April 2024, up 8.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $259K | +17.7% |
| 3 Bedrooms | $340K | $394.9K | +16.2% |
| 4 Bedrooms | $465K | $375K | -19.4% |
| 5+ Bedrooms | $576.9K | $452.5K | -21.6% |
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 17.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Cities
| Stewartstown | $336.9K | $368.4K | +9.4% |
| Hopewell Township | $350K | $380K | +8.6% |
| Shrewsbury Township | $339K | $333.4K | -1.6% |
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 |
|---|---|---|
| 39 | 33 | -15.4% |
Summary: The Hopewell Township real estate market had 33 homes for sale in April 2024, a 15.4% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
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 decreased by 50%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopewell Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Hopewell Township in April 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% 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 |
|---|---|---|
| 28 Days | 40 Days | +44.7% |
Summary: Homes in Hopewell Township had an average of 40 days on market in Apr 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hopewell Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Hopewell Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
