The Hopewell housing market is very competitive. The median sale price of a home in Hopewell was $214K last month, down 1.8% since last year. The median sale price per square foot in Hopewell is $167, up 6.7% since last year.
What is the housing market like in Hopewell today?
In October 2024, Hopewell home prices were down 1.8% compared to last year, selling for a median price of $214K. On average, homes in Hopewell sell after 19 days on the market compared to 18 days last year. There were 30 homes sold in October this year, up from 28 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$213,500
-1.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Hopewell, VA
$213,500
-1.8%
United States
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How hot is the Hopewell housing market?
Hopewell is very competitive. Homes sell in 19 days.
0
100
82
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 19 days.
Hot homes
can sell for about 2% above list price and go pending in around 9 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Hopewell housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Hopewell.
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Hopewell has a minor risk of flooding. 867 properties in Hopewell are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Hopewell. Flood risk is increasing slower than the national average.
52% of properties are at risk of wildfire over the next 30 years
Fire Factor
Hopewell has a moderate risk of wildfire. There are 5,437 properties in Hopewell that have some risk of being affected by wildfire over the next 30 years. This represents 52% of all properties in Hopewell.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Hopewell has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Hopewell is most at risk from hurricanes. 10,378 properties in Hopewell have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 87 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 106 mph.