Hopewell, VA Housing Market Brief
county · VA · score computed October 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.
Population band 3 of 5 (population 20,431–39,126) · comparable within its band
Where is Hopewell, VA in its market cycle?
Hopewell, VA is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Hopewell, VA?
County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Hopewell, VA housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $238K | ▼ -2% | Redfin |
| Median Days on Market | 66 days | ▲ +112.9% | Redfin |
| Months of Supply | 3.2 | ▲ +28% | Redfin |
| Homes for Sale | 88 | ▲ +23.9% | Redfin |
| Homes Sold | 28 | 0% | Redfin |
| Median Price / Sq Ft | $177 | ▼ -3.9% | Redfin |
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?
In the scores computed October 2026, Hopewell, VA is classified as a Balanced Market, based on its Alpha Score of 46 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Hopewell, VA?
The median sale price in Hopewell, VA is $238K, having fallen 2% over the past year, according to Redfin.
How affordable is Hopewell, VA?
Hopewell, VA scores 35 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 (81/100) and its weakest is Price Momentum (34/100). 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.