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Featured local agent — Hopewell, TN
Sarah Mitchell
Compass Real Estate · Hopewell, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hopewell, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$306,000median sale price
How is the Hopewell, TN housing market right now?
The median home sale price in Hopewell, TN is $306,000, down 12.6% year-over-year. Homes sell in an average of 61 days with 9 active listings. 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 Hopewell a buyer's or seller's market?
Hopewell, TN is currently a balanced market, based on 3.0 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
61
Average pace
Active listings
9
3.0 months supply
Sale-to-list
97.2%
Below asking
What does the Hopewell housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $306,000 |
| Median list price | $475,000 |
| Year-over-year price change | -12.6% |
| Average days on market | 61 days |
| Active inventory | 9 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.2% |
| Median price per sq ft | $179/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 4 |
| Listings with a price cut | 55.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hopewell by property type?
How the Hopewell, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $306,000 | $179/sq ft | 3 | 61 days |
Source: Redfin · Updated monthly
The Hopewell housing market is currently classified as a balanced market with a median sale price of $306,000. Prices have fallen 12.6% compared to last year, with homes spending an average of 61 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Hopewell
There are currently 9 homes listed for sale in Hopewell, Tennessee. The median listing price is $475K.
Active listings
9
Homes on market
Median list price
$475K
Avg. days on market
61
Days until sale
New this week
4
Newly listed
Who lives in Hopewell?
Population
2,624
Median income
$85,461/yr
Median age
39.5 years
Owner-occupied
84.0%
College grads
31.5%
Avg commute
22.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Hopewell?
Hopewell is a community of approximately 3K residents with a median age of 39.5 years.The median household income is $85,461, which reflects a relatively affluent area with strong earning potential. 31.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 84.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hopewell offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Hopewell, TN?
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 $306,000, down 12.6% from last year.
How long do homes stay on market in Hopewell?
Homes typically spend 61 days on market before going under contract.
What is the median income in Hopewell?
The median household income is $85,461 per year.
Is Hopewell a buyer's or seller's market?
With 3.0 months of supply, Hopewell is currently a balanced market.
How much does a single-family home cost in Hopewell?
The median single-family home price in Hopewell, TN is $306,000 (about $179 per square foot).
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