Is Hopewell, PA 16650 a buyer’s or seller’s market?
Hopewell is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Hopewell housing market right now
In the three months ending August 31, 2026, 0% of homes in Hopewell, PA 16650 sold above their list price, the typical home went under contract in 19 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold more slowly (11 days then) and the median sale price fell 10% to $146,387. Overall, Hopewell is less competitive than a year ago, which gives buyers more room.
Within Bedford County, homes here sell faster than in 73% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Alum Bank 15521 (100% sold over asking) and Imler 16655 (100% sold over asking) are even more competitive.
Run the numbers for 16650
Nearby markets
Alum Bank 15521Seller’s market $158 /sq ftArtemas 17211 — /sq ftBedford 15522Seller’s market $152 /sq ftBreezewood 15533Buyer’s market $65 /sq ft Browse all markets →Towns like Hopewell nearby
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Questions about Hopewell real estate
Is Hopewell a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Hopewell, PA 16650 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Hopewell?
The typical home went under contract in 19 days in the latest three months.
Do homes in Hopewell sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Hopewell?
About 0.81% of a home’s value a year in Bedford County, or roughly $3,240 on a $400,000 home.
What is the median home price in Hopewell?
The median sale price was $146,387 in the three months ending August 31, 2026, about $132 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology