Hopewell, VA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Hopewell, VA is $235,000, down 2.1% year-over-year. Homes sell in an average of 27 days with 47 active listings. The market is currently a seller's market.
$235,000median sale price
Is Hopewell a buyer's or seller's market?
Hopewell, VA is currently a seller's market, based on 1.7 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
27
Average pace
Active listings
47
1.7 months supply
Sale-to-list
99.5%
Below asking
Hopewell, VA market data
| Metric | Value |
|---|---|
| Median sale price | $235,000 |
| Median list price | $274,500 |
| Year-over-year price change | -2.1% |
| Average days on market | 27 days |
| Active inventory | 47 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.5% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Hopewell housing market is currently classified as a seller's market with a median sale price of $235,000. Prices have fallen 2.1% compared to last year, with homes spending an average of 27 days on market, indicating 1.7 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 Hopewell
There are currently 47 homes listed for sale in Hopewell, Virginia. The median listing price is $275K.
Active listings
47
Homes on market
Median list price
$275K
Avg. days on market
27
Days until sale
New this week
27
Newly listed
Top public schools in Hopewell
7 schools tracked · 3,944 students
The largest public schools serving Hopewell, VA 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.
Hopewell High
Grades 9-12 · 1,146 students
Carter G. Woodson Middle
Grades 6-8 · 818 students
Patrick Copeland Elementary
Grades K-5 · 596 students
Dupont Elementary
Grades K-5 · 574 students
Harry E. James Elementary
Grades K-5 · 501 students
Woodlawn Pre-School Learning Center
Grades PK · 309 students
New HOPE Academy
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Hopewell?
The median home sale price in Hopewell is $235,000, down 2.1% from last year.
How long do homes stay on market in Hopewell?
Homes typically spend 27 days on market before going under contract.
Is Hopewell a buyer's or seller's market?
With 1.7 months of supply, Hopewell is currently a seller's market.
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