The city of New Hope is located in Hennepin County, with a population of about 20,339. New Hope is located 12 miles northwest of downtown Minneapolis.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the New Hope Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$194,000||$213,000||+9.8%|
|Days on the market||78||63||-19.2%|
|Months Supply of Inventory||2.6||1.7||-34.6%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in New Hope!
- New listings are down a slight 2.3% from 2015 and closed sales are down 3.5%. Although there are not as many homes going on the market, they aren’t staying on for as many days as last year.
- The shortage of homes on the market has resulted in an increase of the median sales price, up 9.8%…more good news.
- If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on New Hope Real Estate Here
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