The typical home value in
New Hope
is projected to be
$394,000
for the month of
November.
October’s
finalized data reported the typical value of a home in the
city
to be
$375,000—up
17.19%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$405,000
in
Hennepin County
for the most recent reporting period.
That number is expected to float around
$407,500
in
November.
New Hope
had
27
new listings and
20
listings that went under contract in
October,
decreasing
the area’s total available inventory to
47—down
4.08%
from the previous month. Inventory is projected to have further
decreased
in
November.
Of those
47
active listings,
40.43%
reduced their price in the month of
October.
The median listing price for homes in
New Hope
fell
8.0%
from
September
to
October,
bringing the current median listing price to
$345,000.
Based on projected data for
November,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
October 2025,
the median time for a listed property to go pending was
16
days, compared to
12
days in
October 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
November.
