New Hope, MN

New Hope Minnesota Real Estate

New Hope is located in Hennepin County. It's one of the Western inner ring suburbs of the Minneapolis-St. Paul area. As of the 2010 census there were a little over 21,000 residents. New Hope takes up a total of 5.10 mi.² with almost all of that being landmass.

It became a city in 1953 and quickly became one of the most popular growing suburbs of Minneapolis. All of New Hope is located with in the Robbinsdale area school District.

Many of the home buyers looking in New Hope also consider Crystal, Golden Valley, Plymouth as well as St. Louis Park. Of the four, Plymouth has a wider variety of homes and prices because it's a little farther out than New Hope. If you're looking for a great starter home that has a quick commute to downtown Minneapolis or the Western suburbs, the city could be a perfect fit for you. Prices for homes start in the mid-$100,000. Mostly single-family homes, you can find some townhomes and condominiums as well.

New Hope is a great starter home area. I've always thought as a real estate agent selling homes in New Hope that it's very similar to Crystal in St. Louis Park. For some reason my clients who are searching in Plymouth have a tendency to look in Maple Grove as well as Minnetonka even though New Hope is really close. I just a found that the prices and the style of homes are much more in line with Crystal than any other city. Homes are very affordable and start around $150,000 for a rambler. Being that it's right off a 169 can commute to the southern suburbs.

Use the interactive real estate sales graphs below for real-time statistics on the City of New Hope. (All updated maps are based on every property in the city including single-family homes, townhomes and condos. For more specific information about a neighborhood, price range or style of home, contact Tom Sommers 952-994-7204.)

Median sales price in New Hope

Average days on market over last three years in New Hope

Average months’ supply of homes for sale in New Hope (This is also referred to as the absorption rate. Meaning, if no other homes came on the market from this day forward it would take this number of months for all the homes to sell. 0 to 3 months is a seller's market, 4 to 6 months is an average market and 6+ months of inventory is typically a buyer’s market)

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this site are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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