Hopewell, VA Housing Market Brief
county · VA · as of July 2026
What is Hopewell, VA’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Hopewell, VA in its market cycle?
Hopewell, VA is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Hopewell, VA?
Our model forecasts Hopewell, VA’s home prices to rise about 2.2% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Hopewell, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $252K | ▲ +4.8% |
| Median Days on Market | 18 days | ▼ -14.3% |
| Months of Supply | 2.3 | ▲ +4.6% |
| Homes for Sale | 59 | ▼ -14.5% |
| Homes Sold | 26 | ▼ -16.1% |
| Median Price / Sq Ft | $189 | ▲ +6.6% |
How has Hopewell, VA’s Alpha Score moved?
Markets like Hopewell, VA
Frequently asked questions
Is Hopewell, VA a buyer's or seller's market?
As of July 2026, Hopewell, VA is classified as a Balanced Market, based on its Alpha Score of 51 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Hopewell, VA?
The median sale price in Hopewell, VA is $252K, having risen 4.8% over the past year.
How affordable is Hopewell, VA?
Hopewell, VA scores 28 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Hopewell, VA's Alpha Score?
Hopewell, VA's strongest dimension is Rental Yield (69/100) and its weakest is Affordability (28/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Hopewell, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.