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Hopewell, VA 23860 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Hopewell, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.33
ActiveActive listings: 4343PendingPending sales: 1414
Hopewell, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $260k$260kSoldMedian sold price (last 6 months): $270k$270k
What homes actually sell for in Hopewell, VA
Distribution of 231 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $208k to $385k
$108k to $156k: 22 sales$108k$156k to $204k: 23 sales$204k to $252k: 44 sales44sales$204k$252k to $299k: 32 sales$299k to $347k: 27 sales$299k$347k to $395k: 19 sales$395k to $443k: 26 sales$395k$443k to $491k: 15 salesMedian $270k

What the numbers say

As of October 5, 2026, Resideline is tracking 43 active listings and 14 pending sales in ZIP code 23860. That pending-to-active ratio of 0.33 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $259,950, while the median of the 231 closed sales Resideline tracked over the last six months was $270,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 23860 for 69 days.

Frequently asked questions

What is the median home price in 23860?

The median closed sale price in Hopewell, VA 23860 was $270,000 over the last six months, based on 231 closed sales tracked by Resideline. The middle half of those sales ranged from $208,000 to $385,000.

Is 23860 a buyer's or seller's market?

Resideline is currently tracking 14 pending sales against 43 active listings in 23860, a pending-to-active ratio of 0.33. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 23860 currently looks like a balanced market.

Nearby ZIP code market data

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