Hope Valley Farms Housing Market Report January 2025•Durham County, North Carolina

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Housing Prices in Hope Valley Farms, NC

How much do homes in Hope Valley Farms, NC cost?

Housing Market Conditions

Is Hope Valley Farms, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hope Valley Farms is a Seller's Market

Difference Since January 2024

Since last year, Hope Valley Farms has remained a Seller's Market.

Insight

Hope Valley Farms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$440,612$240/SqFt
+$3,112
+0.7%

Based on all homes sold in the last 12 months

Insight

Homes in Hope Valley Farms have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in Hope Valley Farms was $440,612 in January 2025, up 0.7% from last year, and the median price per square foot was $240.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$315K$330K
+4.8%
3$419.5K$430K
+2.5%
4$488.5K$519K
+6.2%
5$676K$635K
-6.1%

Summary: Hope Valley Farms housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +4.8%. The home price for 3 bedroom homes increased by +2.5%. The home price for 4 bedroom homes increased by +6.2%. The home price for 5 bedroom homes decreased by -6.1%.

Housing supply in Hope Valley Farms, NC

How many homes are available in Hope Valley Farms, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
16Last MonthJan 2025
162 months agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: The Hope Valley Farms real estate market had 16 homes for sale in Jan 2025, the same as Dec 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthJan 2025
82 months agoDec 2024
-25.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
221
-50.0%
389
+12.5%
465
-16.7%
501
+100.0%

Summary: Hope Valley Farms housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +12.5%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Hope Valley Farms, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Hope Valley Farms, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hope Valley Farms in January 2025, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and and 17% were sold over asking.

Days on Market for Hope Valley Farms, NC

How long does it take to sell a home in Hope Valley Farms, NC?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Hope Valley Farms are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 6 homes were sold in Hope Valley Farms; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
31 DaysThis YearJan 2025
76 Days1 year agoJan 2024
-58.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Hope Valley Farms had an average listing age of 31 days in Jan 2025, down by 58.6% compared to the previous year.

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Newest Listings in Hope Valley Farms, NC

What homes are available in Hope Valley Farms, NC?

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Nearby markets aren't available for Hope Valley Farms, NC

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MLS Disclaimers and Copyright

Based on information from Doorify MLS, for the period 02/01/2023 - 02/01/2025

IDX Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.