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Featured local agent — Hopedale, IL
Sarah Mitchell
Compass Real Estate · Hopedale, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hopedale, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$230,000median sale price
How is the Hopedale, IL housing market right now?
The median home sale price in Hopedale, IL is $230,000. Homes sell in an average of 33 days. 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 Hopedale a buyer's or seller's market?
Hopedale, IL is currently a balanced market and homes selling in about 33 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
33
Average pace
Active listings
—
Sale-to-list
97.6%
Below asking
What does the Hopedale housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median list price | $226,450 |
| Average days on market | 33 days |
| Sale-to-list price ratio | 97.6% |
| Median price per sq ft | $106/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hopedale by property type?
How the Hopedale, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $230,000 | $106/sq ft | 2 | 33 days |
| Townhouse | $99,900 | $82/sq ft | 1 | 30 days |
Source: Redfin · Updated monthly
The Hopedale housing market is currently classified as a balanced market with a median sale price of $230,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 33 days on market.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 3.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Hopedale
Explore homes currently listed for sale in Hopedale, Illinois across major real estate platforms.
Who lives in Hopedale?
Population
742
Median income
$53,958/yr
Median age
46.9 years
Owner-occupied
59.5%
College grads
22.8%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Hopedale?
Zillow home value
$195,029
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Hopedale?
Hopedale is a community of approximately 1K residents with a median age of 46.9 years.The median household income is $53,958, which represents a working-class community with solid middle-income opportunities. 22.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.5%, showing a blend of owner and renter-occupied properties. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hopedale offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Hopedale, IL?
Want a head-to-head view? Compare Hopedale side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hopedale?
The median home sale price in Hopedale is $230,000, down 0.0% from last year.
How long do homes stay on market in Hopedale?
Homes typically spend 33 days on market before going under contract.
What is the median income in Hopedale?
The median household income is $53,958 per year.
What is the Zillow home value estimate for Hopedale?
The Zillow Home Value Index (ZHVI) for Hopedale is $195,029, representing the typical home value in the area.
How much does a single-family home cost in Hopedale?
The median single-family home price in Hopedale, IL is $230,000 (about $106 per square foot).
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