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Foreclosures in Hopewell, VA

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Hopewell, VA Foreclosures

Current Market Conditions in in Hopewell, VA As of February 2026?
In the past month, the real estate market in Hopewell has seen several notable changes. With increasing buyer demand, the average sale prices have risen by about 3% as more families move into the area given its desirable location and amenities. Additionally, the number of homes sold has slightly increased, indicating strong market activity. Potential sellers are recognizing favorable conditions and are beginning to list their properties, which may help ease inventory shortages in the coming months.
How much do homes sell for in Hopewell, VA?
The average home price is currently $253,644.
In Hopewell, VA, how many homes are available?
There are currently 7 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 $31,911,731.
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, Virginia, is a vibrant community situated on the banks of the Appomattox River. Known for its historical significance, the city boasts a range of attractions from scenic parks to cultural events. With a variety of housing options, great schools, and convenient access to nearby cities, Hopewell is an excellent choice for families and young professionals alike.

Buyer vs Seller Market in Hopewell, VA

Currently, Hopewell’s real estate market is experiencing a resurgence, driven by an influx of new residents and a steady demand for housing. The area has become appealing to both first-time buyers and investors, largely due to its affordability compared to nearby cities like Richmond and Petersburg.

The average home prices have increased modestly over the past few months, and the inventory levels are somewhat low, indicating a strong buyer interest. New developments and revitalization projects are further enhancing the appeal of the area, making it a hotspot for real estate investment.

Home Value Estimator For Hopewell, VA

There are currently 9,005 real estate properties in Hopewell, VA, with a median automated valuation model (AVM) price of $224,178.00. 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 $253,644.00, with the most expensive house in Hopewell, VA, topping out at $31,911,731.00 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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