New - 11 hours on Rocket
$2,613 Closing Credit¹
#2503092, Tracy Kerzanet, Listing Office: The Kerzanet Group LLC
Hopewell Housing Market Report January 2025•Hopewell County, Virginia
Housing Prices in Hopewell, VA
How much do homes in Hopewell, VA cost?
Housing Market Conditions
Is Hopewell, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Hopewell is a Seller's Market
Difference Since January 2024
Since last year, Hopewell has remained a Seller's Market.
Insight
Hopewell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$235,000$169/SqFt
+$11,020
+4.9%
Based on all homes sold in the last 12 months
Insight
Homes in Hopewell have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Hopewell was $235,000 in January 2025, up 4.9% from last year, and the median price per square foot was $169.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Bermuda | $351K | $371.9K | +6.0% |
| Hopewell | $233.9K | $247.8K | +5.9% |
| Hopewell | $223.9K | $235K | +4.9% |
| Prince George | $325K | $335K | +3.1% |
| Bland | $330K | $340K | +3.0% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $190K | - | N/A |
| 22 Bedrooms | $151.4K | $186.9K | +23.4% |
| 33 Bedrooms | $210.4K | $229K | +8.8% |
| 44 Bedrooms | $250K | $280K | +12.0% |
| 55+ Bedrooms | $289.9K | $285K | -1.7% |
Summary: Hopewell 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 +23.4%. The home price for 3 bedroom homes increased by +8.8%. The home price for 4 bedroom homes increased by +12.0%. The home price for 5 bedroom homes decreased by -1.7%.
Housing supply in Hopewell, VA
How many homes are available in Hopewell, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 97Last MonthJan 2025 | ||
| 942 months agoDec 2024 | +3.2 % Change MoMDec – Jan |
Summary: The Hopewell real estate market had 97 homes for sale in Jan 2025, a 3.2 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthJan 2025 | ||
| 262 months agoDec 2024 | -30.8 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 8 | 9 | +12.5% |
| 33 Bedrooms | 60 | 67 | +11.7% |
| 44 Bedrooms | 15 | 11 | -26.7% |
| 55+ Bedrooms | 11 | 10 | -9.1% |
Summary: Hopewell 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 increased by +12.5%. The inventory for 3 bedroom homes increased by +11.7%. The inventory for 4 bedroom homes decreased by -26.7%. The inventory for 5 bedroom homes decreased by -9.1%.
Asking Price vs. Sold Price
How much do homes in Hopewell, VA cost?
Over Asking Price3 Homes
At Asking Price5 Homes
Under Asking Price10 Homes
Insight
If you're buying a home in Hopewell, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Hopewell in January 2025, down by 30.8% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and and 17% were sold over asking.
Days on Market for Hopewell, VA
How long does it take to sell a home in Hopewell, VA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days10 Homes
Over 90 Days1 Home
Insight
Avg time on Rocket Homes in Hopewell has remained consistent over time.
Summary: During January 2025, 18 homes were sold in Hopewell; 39% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 46 DaysThis YearJan 2025 | ||
| 32 Days1 year agoJan 2024 | +41.7 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Hopewell had an average listing age of 46 days in Jan 2025, up by 41.7% compared to the previous year.
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Newest Listings in Hopewell, VA
What homes are available in Hopewell, VA?
New - 6 days on Rocket
$1,661 Closing Credit¹
#2502209, Jenny Maraghy, Listing Office: Compass
New - 6 days on Rocket
$1,721 Closing Credit¹
#2502963, Matt Smith, Listing Office: Weichert Brockwell & Associate
New - 6 days on Rocket
$1,366 Closing Credit¹
#2502778, Van-Neisha Johnson, Listing Office: Keller Williams Realty
$2,672 Closing Credit¹
#2502657, Cole Dickinson, Listing Office: Long & Foster REALTORS
$2,493 Closing Credit¹
#2501945, Mike Mahaney, Listing Office: Ford Agency Inc
$2,969 Closing Credit¹
#2501985, Oanh Oanh Bacon, Listing Office: Trinity Real Estate
$3,076 Closing Credit¹
#2500772, Justin Marks, Listing Office: Napier Realtors, ERA
$2,316 Closing Credit¹
#10567289, Mario Dove, Listing Office: EXP Realty LLC
$2,838 Closing Credit¹
#2501475, Kristin Wood, Listing Office: Keller Williams Realty
#2501048, Steven Kirby, Listing Office: RE/MAX Commonwealth
$2,256 Closing Credit¹
#2501083, Haley Cash, Listing Office: James River Realty Group LLC
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MLS Disclaimers and Copyright
Based on information from Central Virginia Regional MLS, and Real Estate Information Network for the period 02/01/2023 - 02/01/2025
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/11/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.