Hopewell’s housing market has shifted notably over the past year in this rolling three-month view. The typical home value is up more than 65% year over year, pointing to much higher selling prices than a year ago. At the same time, the share of homes selling above list has dropped sharply compared with last year, indicating buyers are seeing less intense bidding pressure.
Looking at activity, the number of homes sold has climbed more than 50% from a year ago, and new listings have more than doubled, giving buyers more options than they had previously. Pending sales are up more than 75% year over year, which signals that homes going under contract have picked up strongly in recent months. Inventory has also grown, with active listings rising around 35% compared with last year, yet months of supply has fallen to just 2.1, reflecting ongoing seller leverage despite more homes on the market.
Current conditions show a mixed pace. The median days on market has stretched to 98 days in this latest rolling period, a major increase from last year that suggests some listings are taking longer to find the right buyer. Homes are selling at about 96.8% of list price on average, and none have sold above list in this window, so pricing strategy matters. Whether you are a buyer trying to navigate rising values or a seller aiming to stand out in a slower-selling pool, Agent Pronto can connect you with a local Hopewell agent who understands these dynamics.
