Mount Hope, NJ

Balanced market-17.2% YoY

Housing market overview · Updated weekly

$325,000median sale price

Homes sold

5

Last 12 weeks

Days on market

80

Average pace

Active listings

17

3.4 months supply

Sale-to-list

99.7%

Below asking

The Mount Hope housing market is currently classified as a balanced market with a median sale price of $325,000. Prices have fallen 17.2% compared to last year, with homes spending an average of 80 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

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Frequently asked questions

What is the average home price in Mount Hope?

The median home sale price in Mount Hope is $325,000, down 17.2% from last year.

How long do homes stay on market in Mount Hope?

Homes typically spend 80 days on market before going under contract.

Is Mount Hope a buyer's or seller's market?

With 3.4 months of supply, Mount Hope is currently a balanced market.

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