Hopewell, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 68 transactions over the past year in Hopewell. The median value for residential home transactions that occurred over the previous year is $615,425. The number of current listings in Hopewell is 4, and the percentage of properties for sale in the city is 4.00%. Hopewell, NJ currently has 6 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 4 properties for sale.
Hopewell, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08525 | $ 480,750 $ 344/sqft |
Housing Market Summary for Hopewell, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $638.5K | $597.4K | -6.43% |
| Median Sold Price | $465.4K | $597.4K | 28.36% |
| Homes For Sale | 6 | 2 | -66.67% |
| Homes Sold | 32 | 30 | -6.25% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Hopewell, NJ
Browse Homes in Hopewell, NJ
Hopewell home values range from $62,440 to $1,388,000. The median estimated value of a home in Hopewell is $615,425. The median list price of a home is 508,000, and the total count of properties in the city is 1,554.
- Pre-ForeclosurePre-foreclosure homes account for 0.39% of all residential properties in Hopewell, NJ with 08525 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Hopewell, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $984,800 in 08525 to the lowest home value of $400,400 in 08525.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Hopewell, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Hopewell, NJ. There is 1 zips within Hopewell, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Hopewell, NJ. Auction homes and other auction properties account for 0% of all properties in Hopewell, NJ. There is 1 zips within Hopewell, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Hopewell, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.