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Featured local agent — Hopewell, IL
Sarah Mitchell
Compass Real Estate · Hopewell, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hopewell, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$265,000median sale price
How is the Hopewell, IL housing market right now?
The median home sale price in Hopewell, IL is $265,000, up 17.8% year-over-year. Homes sell in an average of 4 days with 1 active listings. The market is currently a strong seller's 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 Hopewell a buyer's or seller's market?
Hopewell, IL is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 4 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
4
Fast-moving
Active listings
1
1.0 months supply
Sale-to-list
106.0%
Above asking
What does the Hopewell housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $265,000 |
| Year-over-year price change | +17.8% |
| Average days on market | 4 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 106.0% |
| Median price per sq ft | $76/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hopewell by property type?
How the Hopewell, 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 | $265,000 | $76/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Hopewell housing market is currently classified as a strong seller's market with a median sale price of $265,000. Prices have risen 17.8% compared to last year, with homes spending an average of 4 days on market, indicating 1.0 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 2.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Hopewell
There are currently 1 homes listed for sale in Hopewell, Illinois.
Active listings
1
Homes on market
Avg. days on market
4
Days until sale
Who lives in Hopewell?
Population
538
Median income
$105,000/yr
Median age
46.1 years
Owner-occupied
100.0%
College grads
35.8%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What are homes worth in Hopewell?
Zillow home value
$206,185
Price-to-income
2.0x
Source: Zillow Research
What is it like to live in Hopewell?
Hopewell is a community of approximately 1K residents with a median age of 46.1 years.The median household income is $105,000, which reflects a relatively affluent area with strong earning potential. 35.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Hopewell offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Hopewell, IL?
Want a head-to-head view? Compare Hopewell side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hopewell?
The median home sale price in Hopewell is $265,000, up 17.8% from last year.
How long do homes stay on market in Hopewell?
Homes typically spend 4 days on market before going under contract.
What is the median income in Hopewell?
The median household income is $105,000 per year.
Is Hopewell a buyer's or seller's market?
With 1.0 months of supply, Hopewell is currently a strong seller's market.
What is the Zillow home value estimate for Hopewell?
The Zillow Home Value Index (ZHVI) for Hopewell is $206,185, representing the typical home value in the area.
How much does a single-family home cost in Hopewell?
The median single-family home price in Hopewell, IL is $265,000 (about $76 per square foot).
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