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Featured local agent — New Hope, AL
Sarah Mitchell
Compass Real Estate · New Hope, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Hope, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$204,000median sale price
How is the New Hope, AL housing market right now?
The median home sale price in New Hope, AL is $204,000, down 41.2% year-over-year. Homes sell in an average of 32 days with 22 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Hope a buyer's or seller's market?
New Hope, AL is currently a balanced market, based on 4.4 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
32
Average pace
Active listings
22
4.4 months supply
Sale-to-list
99.1%
Below asking
What does the New Hope housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $204,000 |
| Median list price | $254,950 |
| Year-over-year price change | -41.2% |
| Average days on market | 32 days |
| Active inventory | 22 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 14 |
| Listings with a price cut | 13.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in New Hope by property type?
How the New Hope, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $204,000 | $195/sq ft | 5 | 32 days |
Source: Redfin · Updated monthly
The New Hope housing market is currently classified as a balanced market with a median sale price of $204,000. Prices have fallen 41.2% compared to last year, with homes spending an average of 32 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in New Hope
There are currently 22 homes listed for sale in New Hope, Alabama. The median listing price is $255K.
Active listings
22
Homes on market
Median list price
$255K
Avg. days on market
32
Days until sale
New this week
14
Newly listed
Who lives in New Hope?
Population
2,895
Median income
$80,787/yr
Median age
34.2 years
Owner-occupied
79.4%
College grads
26.3%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in New Hope?
Zillow home value
$229,305
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in New Hope?
New Hope is a community of approximately 3K residents with a median age of 34.2 years.The median household income is $80,787, which reflects a relatively affluent area with strong earning potential. 26.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Hope offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Hope?
2 schools tracked · 1,174 students
The largest public schools serving New Hope, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
New Hope High School
Grades 7-12 · 605 students
New Hope Elementary School
Grades PK-6 · 569 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Hope, AL?
Want a head-to-head view? Compare New Hope side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Hope?
The median home sale price in New Hope is $204,000, down 41.2% from last year.
How long do homes stay on market in New Hope?
Homes typically spend 32 days on market before going under contract.
What is the median income in New Hope?
The median household income is $80,787 per year.
Is New Hope a buyer's or seller's market?
With 4.4 months of supply, New Hope is currently a balanced market.
What is the Zillow home value estimate for New Hope?
The Zillow Home Value Index (ZHVI) for New Hope is $229,305, representing the typical home value in the area.
How much does a single-family home cost in New Hope?
The median single-family home price in New Hope, AL is $204,000 (about $195 per square foot).
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