Why Live in Hopewell
Hopewell is a historic neighborhood spanning about 11 square miles, known for its rich history and scenic views of the Appomattox and James rivers. City Point, established in 1613, is a notable site with trails and historical markers, attracting military families due to its proximity to Fort Gregg-Adams. Hopewell offers various things to do, including outdoor activities at Hopewell City Marina, Hopewell City Park, and the Hopewell Riverwalk. Residents enjoy hot, humid summers and mild winters, making outdoor spaces accessible year-round. The neighborhood features predominantly ranch-style houses, with some Cape Cods, cottages, and minimal traditional properties. Homes typically have small lots with wood or chain-link fences. Downtown Hopewell has a small business district with shops and restaurants, though it faces challenges with business turnover. The Boathouse is a popular dining spot for special occasions. Hopewell is about 9 miles from Southpark Mall, offering larger shopping options. The local economy is heavily industrial, with companies like Honeywell and Smurfit-Stone contributing to occasional water-boiling advisories and higher cancer risks. Annual events like Hopewell Harvest Fest and the Hopewell Farmers Market foster community spirit. Transportation is facilitated by U.S. Interstate 295, Virginia State Route 10, and the Hopewell Circulator bus. Richmond International Airport is about 20 miles away. Despite past crime challenges, initiatives like Project SAF have led to significant reductions in violent and property crimes.
Home Trends in Hopewell, VA
On average, homes in Hopewell, VA sell after 35 days on the market compared to the national average of 50 days. The median sale price for homes in Hopewell, VA over the last 12 months is $246,800, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$246,800
Median Single Family Sale Price
$250,000
Median Townhouse Sale Price
$155,000
Median 2 Bedroom Sale Price
$278,700
Average Price Per Sq Ft
$175
Number of Homes for Sale
68
Last 12 months Home Sales
380
Median List Price
$250,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%