Is Hopewell, VA 23860 a buyer’s or seller’s market?
Hopewell is a seller’s market. With about 3.1 months of supply and 30% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 62% of U.S. ZIP codes, and #185 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Hopewell housing market right now
In the three months ending August 31, 2026, 30% of homes in Hopewell, VA 23860 sold above their list price, the typical home went under contract in 29 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 113 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (22 days then) and the median sale price fell 1% to $259,388. Overall, Hopewell is less competitive than a year ago, which gives buyers more room.
On our competition score, Hopewell ranks #185 of 358 VA ZIP codes with enough sales (score 60 out of 100).
Nearby, buyers who want less competition could look at Petersburg 23805 (22% sold over asking), while Prince George 23875 (47% sold over asking) and Disputanta 23842 (41% sold over asking) are even more competitive.
Run the numbers for 23860
Nearby markets
Disputanta 23842Seller’s market $223 /sq ftPetersburg 23805Seller’s market $173 /sq ftPrince George 23875Seller’s market $203 /sq ft Browse all markets →Towns like Hopewell nearby
Find towns like Hopewell in other states →Where Hopewell is
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Questions about Hopewell real estate
Is Hopewell a buyer’s or seller’s market?
A seller’s market: there were 3.1 months of supply in Hopewell, VA 23860 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 29 days in the latest three months.
Do homes in Hopewell sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Hopewell?
About 0.74% of a home’s value a year in Prince George County, or roughly $2,960 on a $400,000 home.
What is the median home price in Hopewell?
The median sale price was $259,388 in the three months ending August 31, 2026, about $195 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