New Hope, MN Foreclosures
How much do homes sell for in New Hope, MN?
The average home price is currently $349,294.
What’s the average rental cost in New Hope, MN?
The average rental price in New Hope is $1,671.
What is the most expensive home in New Hope?
The most expensive home sold in New Hope had a price of $21,191,748.
What is currently the cheapest priced home in New Hope, MN?
The cheapest home for sale in New Hope is priced at $80,875.
Living in New Hope, MN
New Hope, MN, is a welcoming community offering a blend of suburban tranquility and urban accessibility. With excellent schools, plentiful parks, and a strong sense of community, it's ideal for families and individuals alike. Residents enjoy a variety of shopping and dining options just a short drive or bus ride away from the city center.
Current Market Conditions in New Hope, MN
The real estate market in New Hope, MN has shown a stable trend over the past few years, with a steady increase in home values and a healthy supply of homes available. Due to its family-friendly appeal and convenience to urban amenities, the demand for housing remains strong, making it an attractive location for first-time homebuyers and investors alike.
In recent months, there has been a particular increase in interest for single-family homes, which have garnered numerous offers, often resulting in competitive bidding situations. Overall, the city's housing market remains resilient, indicating a strong investment potential.
Home Value Estimator For New Hope, MN
There are currently 4,971 real estate properties
in New Hope, MN,
with a median automated valuation model (AVM) price
of $353,111.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in New Hope, MN, 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 New Hope, MN,
is $349,294.00, with the most expensive house
in New Hope, MN, topping out
at $21,191,748.00 and the cheapest home
in New Hope, MN,
clocking in at $80,875.00. In other words, there’s
something for every potential homebuyer
or savvy investor in New Hope, MN!
Rent Prices
In New Hope, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in New Hope, MN, is on
a rollercoaster ride. The
average rent price in New Hope, MN,
is $1,671.00. Indeed, when looking to rent in
New Hope, MN, you can expect to pay as little
as $820.00 or as much
as $3,120.00,
with the average rent median estimated to
be $1,710.00. The good news is that finding
an affordable and desirable property to rent in New Hope, MN
-- 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.
Learn more on Foreclosure homes
