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Foreclosures in Hopewell, VA

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Hopewell, VA Foreclosures

How much do homes sell for in Hopewell, VA?
The average home price is currently $253,998.
In Hopewell, VA, how many homes are available?
There are currently 8 active home listings available in Hopewell.
What’s the average rental cost in Hopewell, VA?
The average rental price in Hopewell is $1,065.
What is the most expensive home in Hopewell?
The most expensive home sold in Hopewell had a price of $31,990,640.
What is currently the cheapest priced home in Hopewell, VA?
The cheapest home for sale in Hopewell is priced at $18,462.

Living in Hopewell, VA

Hopewell, VA, is a vibrant historic city located along the Appomattox River, offering unique charm and a close-knit community atmosphere. It features several parks, recreational opportunities, and local dining options that cater to a variety of tastes. With easy access to larger cities like Petersburg and Richmond, Hopewell is an appealing destination for those seeking a small-town lifestyle with urban conveniences.

Current Market Conditions in Hopewell, VA

The current real estate market in Hopewell is showing signs of stability with gradual appreciation in home values. Buyers are actively seeking properties, which has led to competitive bidding in certain neighborhoods, driving up prices slightly while inventory levels remain relatively low.

As more people are looking to move to Hopewell for its affordability compared to nearby Richmond, we are seeing an increasing trend of new developments and renovations in the area.

Home Value Estimator For Hopewell, VA

There are currently 8,968 real estate properties in Hopewell, VA, with a median automated valuation model (AVM) price of $225,503.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hopewell, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hopewell, VA, is $253,998.00, with the most expensive house in Hopewell, VA, topping out at $31,990,640.00 and the cheapest home in Hopewell, VA, clocking in at $18,462.00. In other words, there’s something for every potential homebuyer or savvy investor in Hopewell, VA!

Rent Prices In Hopewell, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hopewell, VA, is on a rollercoaster ride. The average rent price in Hopewell, VA, is $1,065.00. Indeed, when looking to rent in Hopewell, VA, you can expect to pay as little as $600.00 or as much as $2,800.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Hopewell, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Hopewell, VA Foreclosures

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