Mount Hope, NJ Housing Market & Real Estate

Balanced market-17.2% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Mount Hope, NJ is $325,000, down 17.2% year-over-year. Homes sell in an average of 80 days with 17 active listings. The market is currently a balanced market.

$325,000median sale price

Is Mount Hope a buyer's or seller's market?

Balanced market3.4 months of supply80 avg. days on market

Mount Hope, NJ is currently a balanced market, based on 3.4 months of supply and homes selling in about 80 days. How we determine this →

Homes sold

5

Last 12 weeks

Days on market

80

Average pace

Active listings

17

3.4 months supply

Sale-to-list

99.7%

Below asking

Mount Hope, NJ market data

Current housing market statistics for Mount Hope, NJ
MetricValue
Median sale price$325,000
Median list price$460,775
Year-over-year price change-17.2%
Average days on market80 days
Active inventory17 listings
Months of supply3.4 months
Sale-to-list price ratio99.7%
Market conditionBalanced market

Source: Redfin · Updated weekly

The Mount Hope housing market is currently classified as a balanced market with a median sale price of $325,000. Prices have fallen 17.2% compared to last year, with homes spending an average of 80 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Mount Hope

There are currently 17 homes listed for sale in Mount Hope, New Jersey. The median listing price is $461K.

Active listings

17

Homes on market

Median list price

$461K

Avg. days on market

80

Days until sale

New this week

5

Newly listed

Price drops:11.8%of listings
Sale-to-list:99.7%

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Frequently asked questions

What is the average home price in Mount Hope?

The median home sale price in Mount Hope is $325,000, down 17.2% from last year.

How long do homes stay on market in Mount Hope?

Homes typically spend 80 days on market before going under contract.

Is Mount Hope a buyer's or seller's market?

With 3.4 months of supply, Mount Hope is currently a balanced market.

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