Hopewell, VA

Is Now a Good Time to Sell in Hopewell, Virginia?

The median home in Hopewell sells for $239,000 with prices up 1.7% year-over-year. The average seller pays $7,170 in commissions — Ridleys flat fee saves you $3,671.

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Hopewell Real Estate Market Conditions — March 2026

58out of 100

Ridley Sell Score

How it's scored →

Moderate

58/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Hopewell market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

3.1 months of supply — near the balanced threshold of 5 months. Virginia average is 2.4.

Price MomentumNeutral

Prices up 1.7% year-over-year — vs. +1.4% statewide.

Seller LeverageFavors buyers

Homes selling at 96.8% of asking — buyers are negotiating 3.2% below list. Virginia average is 98.7%.

Bidding ActivityFavors sellers

37.5% of homes selling above list price — 45% above the Virginia average of 25.8%.

Sale SpeedFavors sellers

27 median days on market — 26 days faster than the Virginia average.

Market UrgencyNeutral

34.5% of listings go pending within 2 weeks — vs. 40.8% statewide.

Price StabilityFavors buyers

26% of listings have dropped their price — accurate initial pricing is critical. Virginia average is 20.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$239,000

+1.7%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

27

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$160

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

96.8%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

3.1

Balanced

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.
Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

37.5%

Moderate demand

Price Drops

Percentage of active listings that had a price reduction.

26%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

34.5%

Moderate pace

12-Month Price Trend

$240,000$239,000

$260K$250K$240K$230K
AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Hopewell — delivered monthly.

Your savings

How much can you save selling your home in Hopewell?

The average Hopewell homeowner saves $3,671 by selling with Ridley instead of paying the traditional 3% listing commission on a $239,000 home.

$0Estimated savings

That could furnish your new living room — save 1.5% of your home value

$239,000

$50,000$10M

Traditional Agent (3%)

$7,170

Ridley Pro (flat fee)

$3,499

Ready to sell in Hopewell?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Hopewell?

The total cost to sell a house in Hopewell in 2026 ranges from $999 with Ridley Essentials to approximately $7,170 with a traditional 3% commission on a $239,000 home.

Traditional AgentBest valueRidley ProRidley EssentialsFSBO
Listing fee$7,170$3,499$999$0
Buyer agent$6,6922.8% avg$4,780~2% avg$4,780~2% avg$6,6922.8% avg
Closing costs (~1.5%)$3,585$3,585$3,585$3,585
Total cost$17,447$11,864$9,364$10,277
Net proceeds$221,553$227,136$229,636$228,723
You save$3,671$6,171$7,170No support

Based on the Hopewell median home price of $239,000. Buyer agent commission and closing costs are estimated and may vary.

How to sell your house and save on commission in Hopewell

A flat fee of $3,499 instead of the typical $7,170 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Hopewell market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Hopewell buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $3,671 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in Hopewell.

Ready to sell in Hopewell?

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Explore neighborhoods

Hopewell Neighborhoods

Neighborhood-level market data for 2 areas in Hopewell.