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Featured local agent — New Hope, VA
Sarah Mitchell
Compass Real Estate · New Hope, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Hope, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$394,000median sale price
How is the New Hope, VA housing market right now?
The median home sale price in New Hope, VA is $394,000. Homes sell in an average of 7 days. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of February 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, VA is currently a seller's market and homes selling in about 7 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
7
Fast-moving
Active listings
—
Sale-to-list
105.1%
Above asking
What does the New Hope housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $394,000 |
| Average days on market | 7 days |
| Sale-to-list price ratio | 105.1% |
| Median price per sq ft | $259/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Hope by property type?
How the New Hope, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $394,000 | $259/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The New Hope housing market is currently classified as a seller's market with a median sale price of $394,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 7 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 New Hope
Explore homes currently listed for sale in New Hope, Virginia across major real estate platforms.
Who lives in New Hope?
Population
917
Median income
$87,083/yr
Median age
51.9 years
Owner-occupied
92.9%
College grads
24.1%
Avg commute
19.3 min
Source: U.S. Census Bureau ACS
What is it like to live in New Hope?
New Hope is a community of approximately 1K residents with a median age of 51.9 years.The median household income is $87,083, which reflects a relatively affluent area with strong earning potential. 24.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 92.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.3 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 cities are near New Hope, VA?
Want a head-to-head view? Compare New 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 New Hope?
The median home sale price in New Hope is $394,000, down 0.0% from last year.
How long do homes stay on market in New Hope?
Homes typically spend 7 days on market before going under contract.
What is the median income in New Hope?
The median household income is $87,083 per year.
How much does a single-family home cost in New Hope?
The median single-family home price in New Hope, VA is $394,000 (about $259 per square foot).
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