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Hopewell, VA 23860 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Hopewell, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.18
ActiveActive listings: 4545PendingPending sales: 88
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): $259k$259kSoldMedian sold price (last 6 months): $277k$277k
What homes actually sell for in Hopewell, VA
Distribution of 222 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $220k to $385k
$128k to $173k: 18 sales$128k$173k to $217k: 22 sales$217k to $262k: 49 sales49sales$217k$262k to $306k: 28 sales$306k to $351k: 29 sales$306k$351k to $396k: 17 sales$396k to $440k: 22 sales$396k$440k to $485k: 13 salesMedian $277k

What the numbers say

As of September 14, 2026, Resideline is tracking 45 active listings and 8 pending sales in ZIP code 23860. That pending-to-active ratio of 0.18 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $259,000, while the median of the 222 closed sales Resideline tracked over the last six months was $277,000. 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 67 days.

Frequently asked questions

What is the median home price in 23860?

The median closed sale price in Hopewell, VA 23860 was $277,000 over the last six months, based on 222 closed sales tracked by Resideline. The middle half of those sales ranged from $220,000 to $385,000.

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

Resideline is currently tracking 8 pending sales against 45 active listings in 23860, a pending-to-active ratio of 0.18. 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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