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Featured local agent — Hope, NM
Sarah Mitchell
Compass Real Estate · Hope, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hope, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$49,900median sale price
How is the Hope, NM housing market right now?
The median home sale price in Hope, NM is $49,900. Homes sell in an average of 309 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2024 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hope a buyer's or seller's market?
Hope, NM is currently a leaning buyer's and homes selling in about 309 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
309
Average pace
Active listings
—
Sale-to-list
—
Below asking
What does the Hope housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $49,900 |
| Average days on market | 309 days |
| Median price per sq ft | $32/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Hope by property type?
How the Hope, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $49,900 | $32/sq ft | 1 | 309 days |
Source: Redfin · Updated monthly
The Hope housing market is currently classified as a leaning buyer's with a median sale price of $49,900. Prices have fallen 0.0% compared to last year, with homes spending an average of 309 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Hope
Explore homes currently listed for sale in Hope, New Mexico across major real estate platforms.
Who lives in Hope?
Population
99
Median income
$103,393/yr
Median age
52.6 years
Owner-occupied
100.0%
College grads
18.4%
Avg commute
32.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Hope?
Hope is a community of approximately 0K residents with a median age of 52.6 years.The median household income is $103,393, which reflects a relatively affluent area with strong earning potential. 18.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Hope offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hope?
1 schools tracked · 18 students
The largest public schools serving Hope, NM 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.
PENASCO ELEMENTARY
Grades K-8 · 18 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 Hope, NM?
Want a head-to-head view? Compare 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 Hope?
The median home sale price in Hope is $49,900, down 0.0% from last year.
How long do homes stay on market in Hope?
Homes typically spend 309 days on market before going under contract.
What is the median income in Hope?
The median household income is $103,393 per year.
How much does a single-family home cost in Hope?
The median single-family home price in Hope, NM is $49,900 (about $32 per square foot).
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