The typical home value in
Hopewell
is projected to be
$216,880
for the month of
December.
November’s
finalized data reported the typical value of a home in the
city
to be
$230,000—down
5.83%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$371,700
in
Prince George County
for the most recent reporting period.
That number is expected to float around
$373,050
in
December.
Hopewell
had
30
new listings and
32
listings that went under contract in
November,
decreasing
the area’s total available inventory to
62—down
7.46%
from the previous month. Inventory is projected to have further
decreased
in
December.
Of those
62
active listings,
27.42%
reduced their price in the month of
November.
The median listing price for homes in
Hopewell
fell
0.52%
from
October
to
November,
bringing the current median listing price to
$242,480.
Based on projected data for
December,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
November 2025,
the median time for a listed property to go pending was
55
days, compared to
83
days in
November 2024.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
December.
