Homes for Sale in New Hope, MN

New Hope is a well-established Hennepin County suburb offering affordable, impeccably kept homes and a strong sense of community. The city boasts excellent local amenities, including Northwood Lake Park and the New Hope Village Golf Course. It provides a convenient, central location served by the dependable Robbinsdale Area school district.

Why Live in New Hope

Scenic Northwood Lake Park
New Hope Village Golf Course
Affordable, well-kept homes
Dependable Robbinsdale Area schools

New Hope Market Snapshot

Monthly figures from the NorthstarMLS Local Market Update.

Median Sales Price

$372,000
+7.1%vs. August 2025

% of Original List Price Received

100.6%
+0.5 ptsvs. August 2025

Days on Market

23
-61.7%vs. August 2025

Closed Sales

31
+93.8%vs. August 2025

Homes for Sale

47
+11.9%vs. August 2025

Months Supply

2.2
-8.3%vs. August 2025
Seller's market

Supply vs. Demand Trends

New Hope Housing Market Today

Here is where the New Hope market stood in August 2026. The median sale price has increased by 7% from last year to $372,000. Homes are selling 37 days more quickly than last year, averaging 23 days on market, and sellers are receiving 100.6% of their original asking price. The area is currently a seller's market with 2.2 months of supply. Active inventory is up 12% from last year to 47 homes for sale.

In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.

In New Hope, homes were most commonly built in 1960-1969, about 53% of occupied homes are owner-occupied, and the average commute is 19 minutes. Roughly 46% of homes are single-family detached, and the median home was built in 1969.

Homeowners with a mortgage typically spend $1,973 a month on housing costs, lower than the Twin Cities metro and the median property tax bill is $4,378 a year.

Read the August 2026 New Hope market report

Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.

New Hope market questions

Is New Hope a buyer's or seller's market?

New Hope was a seller's market in August 2026, with 2.2 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 47 homes for sale.

How fast are homes selling in New Hope?

Homes that sold in August 2026 spent an average of 23 days on market, 37 days faster than a year earlier. Sellers received 100.6% of their original list price on average.

Are home prices going up in New Hope?

Yes. The median sale price rose 7.1% year over year to $372,000.

Living in New Hope

Housing, cost of ownership and commuting, compared with the Twin Cities metro.

In New Hope, homes were most commonly built in 1960-1969, about 53% of occupied homes are owner-occupied, and the average commute is 19 minutes.

Data: ACS 2020-2024 5-year estimates

What does it cost to own a home in New Hope?

Homeowners with a mortgage typically pay $1,973 a month in housing costs and the median property tax bill is $4,378 a year.

Median home value

$337,000

Lower than the Twin Cities metro

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$4,378/yr

Higher than the Twin Cities metro

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$1,973/mo

Lower than the Twin Cities metro

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$771/mo

Similar to the Twin Cities metro

Median monthly housing costs for owners without a mortgage.

Median rent

$1,335/mo

Lower than the Twin Cities metro

The midpoint of monthly gross rent, including utilities.

What are homes like in New Hope?

About 53% of occupied homes are owner-occupied and the median home was built in 1969.

Owner-occupied homes

53%

Lower than Twin Cities metro overall

The share of occupied homes lived in by their owners.

Median year built

1969

Similar to the Twin Cities metro

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2010-20194%
  • 2000-20096%
  • 1990-19992%
  • 1980-198911%
  • 1970-197922%
  • 1960-196940%
  • 1950-195911%
  • 1940-19492%
  • 1939 or earlier1%

Types of homes

The share of housing units in each building type.

  • Single-family detached46%
  • Townhome / attached6%
  • 2-4 units3%
  • 5+ units44%

How do people get around in New Hope?

The average one-way commute is 19 min and 90% of homes have broadband.

Average commute

19 min

Lower than the Twin Cities metro

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone70%
  • Carpool9%
  • Walk or bike2%
  • Work from home16%

Homes with broadband

90%

Similar than Twin Cities metro overall

The share of households with a broadband internet subscription.

Estimates for the city as a whole. Figures are survey estimates and may differ from current market prices.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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