New Hope Real Estate Market Report: August 2025
In August 2025, the median sale price in New Hope was $347,500, up 2.2% from a year earlier.
- Median Sales Price
- $347,500
- +2.2% vs. August 2024
- Homes for Sale
- 42
- +75% vs. August 2024
- Months Supply
- 2.4
- +71.4% vs. August 2024
- Seller's market
- Days on Market
- 60
- +160.9% vs. August 2024
- Closed Sales
- 16
- -30.4% vs. August 2024
- Percent of Original List Received
- 100.1%
- -0.1 pts vs. August 2024
What this means
The median sale price has increased by 2% from last year to $347,500.
Homes are selling 37 days longer than last year, averaging 60 days on market, and sellers are receiving 100.1% of their original asking price.
The area is currently a seller's market with 2.4 months of supply. Active inventory is up 75% from last year to 42 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.
Common questions about the New Hope market
Is New Hope a buyer's or seller's market?
New Hope was a seller's market in August 2025, with 2.4 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 42 homes for sale.
How fast are homes selling in New Hope?
Homes that sold in August 2025 spent an average of 60 days on market, 37 days slower than a year earlier. Sellers received 100.1% of their original list price on average.
Are home prices going up in New Hope?
Yes. The median sale price rose 2.2% year over year to $347,500.
Market trends in New Hope
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $339,900 | 23 | 23 | 1.4 |
| September 2024 | $350,000 | 19 | 25 | 1.5 |
| October 2024 | $341,200 | 20 | 41 | 2 |
| November 2024 | $320,000 | 9 | 51 | 1.4 |
| December 2024 | $375,000 | 21 | 33 | 1.1 |
| January 2025 | $367,500 | 7 | 60 | 1.4 |
| February 2025 | $317,500 | 10 | 65 | 1.2 |
| March 2025 | $350,000 | 13 | 31 | 1.5 |
| April 2025 | $375,000 | 21 | 30 | 2 |
| May 2025 | $380,000 | 25 | 16 | 2.2 |
| June 2025 | $351,500 | 32 | 19 | 2.3 |
| July 2025 | $370,000 | 20 | 27 | 2.4 |
| August 2025 | $347,500 | 16 | 60 | 2.4 |
How New Hope compares with the Twin Cities region
In August 2025, the median sale price in Twin Cities (16-County Region) was $400,000, up 2.8% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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