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Featured local agent — New Hope, MN
Sarah Mitchell
Compass Real Estate · New Hope, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Hope, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$375,000median sale price
How is the New Hope, MN housing market right now?
The median home sale price in New Hope, MN is $375,000, down 1.3% year-over-year. Homes sell in an average of 14 days with 36 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 New Hope a buyer's or seller's market?
New Hope, MN is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
14
Fast-moving
Active listings
36
1.3 months supply
Sale-to-list
102.0%
Above asking
What does the New Hope housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $375,000 |
| Median list price | $375,000 |
| Year-over-year price change | -1.3% |
| Average days on market | 14 days |
| Active inventory | 36 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 102.0% |
| Median price per sq ft | $199/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 35 |
| Listings with a price cut | 25.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Hope by property type?
How the New Hope, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $385,000 | $196/sq ft | 23 | 12 days |
| Condo / Co-op | $181,500 | $175/sq ft | 2 | 203 days |
| Townhouse | $219,900 | $172/sq ft | 1 | 151 days |
Source: Redfin · Updated monthly
The New Hope housing market is currently classified as a strong seller's market with a median sale price of $375,000. Prices have fallen 1.3% compared to last year, with homes spending an average of 14 days on market, indicating 1.3 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 4.9x provides context for how home values compare to local earning capacity.
Homes for sale in New Hope
There are currently 36 homes listed for sale in New Hope, Minnesota. The median listing price is $375K.
Active listings
36
Homes on market
Median list price
$375K
Avg. days on market
14
Days until sale
New this week
35
Newly listed
Who lives in New Hope?
Population
21,402
Median income
$73,698/yr
Median age
41 years
Owner-occupied
52.5%
College grads
36.7%
Avg commute
21.1 min
Source: U.S. Census Bureau ACS
What are homes worth in New Hope?
Zillow home value
$357,872
Zillow rent index
$1,442/mo
Price-to-rent ratio
20.7x
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in New Hope?
New Hope is a community of approximately 21K residents with a median age of 41 years.The median household income is $73,698, which represents a working-class community with solid middle-income opportunities. 36.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 52.5%, showing a blend of owner and renter-occupied properties. The average commute time is 21.1 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?
12 schools tracked · 3,536 students
The largest public schools serving New Hope, MN 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.
ROBBINSDALE COOPER SENIOR HIGH
Grades 9-12 · 1,474 students
Robbinsdale Spanish Immersion El.
Grades K-5 · 748 students
MEADOW LAKE ELEMENTARY
Grades PK-5 · 496 students
SONNESYN ELEMENTARY
Grades PK-5 · 298 students
EARLY CHILDHOOD SPECIAL EDUCATION
Grades PK-K · 256 students
Escuela Exitos
Grades K-8 · 214 students
North Education Center Academy
Grades 7-12 · 44 students
Robbinsdale Shared Time Program
Grades K-12 · 6 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, MN?
Want a head-to-head view? Compare New Hope side-by-side with any other U.S. city using our market-comparison tool.
Is New Hope a good real estate investment market?
For investors evaluating New Hope, the price-to-rent ratio of 20.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Hope's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Hope's median home price.
Frequently asked questions
What is the average home price in New Hope?
The median home sale price in New Hope is $375,000, down 1.3% from last year.
How long do homes stay on market in New Hope?
Homes typically spend 14 days on market before going under contract.
What is the median income in New Hope?
The median household income is $73,698 per year.
Is New Hope a buyer's or seller's market?
With 1.3 months of supply, New Hope is currently a strong seller's market.
What is the Zillow home value estimate for New Hope?
The Zillow Home Value Index (ZHVI) for New Hope is $357,872, representing the typical home value in the area.
What is the median condo price in New Hope?
The median condo/co-op sale price in New Hope, MN is $181,500, compared to $385,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Hope?
The median single-family home price in New Hope, MN is $385,000 (about $196 per square foot).
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