Hopewell, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 71 transactions over the past year in Hopewell. The median value for residential home transactions that occurred over the previous year is $617,757.42. The number of current listings in Hopewell is 2, and the percentage of properties for sale in the city is 2.00%. Hopewell, NJ currently has 6 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 2 properties for sale.

Hopewell, NJ Real Estate Market Overview

ZipMedian Est. Value
08525

$ 427,450

$ 354/sqft

Housing Market Summary for Hopewell, NJ

Mar 2023February 2024Change
Median Listing Price$539.9K$636.3K17.86%
Median Sold Price$468.1K$636.3K35.92%
Homes For Sale52-60.00%
Homes Sold303413.33%
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Homes For Sale
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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%.

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Browse Homes in Hopewell, NJ

Hopewell home values range from $110,500 to $1,375,000. The median estimated value of a home in Hopewell is $617,757.42. The median list price of a home is 498,500, and the total count of properties in the city is 1,548.

Foreclosure
There is 1 zips within Hopewell, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $887,400 in 08525 to the lowest value of $445,600 in 08525. Foreclosure homes account for 0.00% of properties in Hopewell, NJ with 08525 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 $887,400 in 08525 to the lowest home value of $445,600 in 08525.
  • Bank Owned
    The 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.
  • Auctions
    N/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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.13% of residential properties in Hopewell, NJ with 08525 containing 2 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Hopewell, NJ; homes for sale in that zips, have a range of median values from $480,700 in 08525 to the lowest value of $374,200 in 08525.
    Sold Homes
    The median value for recently sold homes ranges from $1,234,000 in 08525 to the lowest price of $401,800 in 08525. There is 1 zips within Hopewell, NJ. 08525 has 30 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.94% of properties in Hopewell, NJ.

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      Guide for Hopewell, NJ

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      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.

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      New York|posted 27 March 2024

      Between March 2023 and February 2024 the Houston real estate market witnessed a moderate rise in property values with mild fluctuations in the average selling price per sq ft.

      Recently Listed Homes Hopewell, NJ

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