Hopewell Real Estate Market Sees Sales Decline

The Hopewell market broke below its 12-month average sales volume this week as sales dropped 17.4% to hit 19 homes sold over the last 30 days. Within the same time frame, Richmond had 212 sales, the most of all cities in the area. Pricing in Hopewell remains consistent from last week to this week, with the median sales price at $142,000 again. Along with the slip in sales, a relatively high eight months of inventory indicates that Hopewell is a strong buyer's market.

If a home with lots of bedrooms is what you want, then be sure to go see these listings in Hopewell:

$303K   $311K   $169K  

Get started right now by checking out Hopewell homes for sale or reviewing Hopewell real estate trends.

Demographic facts about Hopewell:

  • The population has increased 1.1% in the last 10 years.
  • The area's safety rating is 80. (Scale: 1 = Worst, 100 = Best)
  • The area's average commute to work is 25 minutes.

Data reported through 10/13/2016

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Virginia Capital Realty
Snapped 5 homes in this area
Ingram & Assoc Hopewell
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RE/MAX Signature
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