Why Live in New Hope
New Hope, located in Durham, is a neighborhood characterized by its spacious, tree-shaded lots and a mix of older and newer homes. Properties here often span several acres, with classic ranch-style, Traditional, and split-level homes from the mid-20th century, alongside newer builds on oversized lots. The area is on the verge of another housing boom, attracting homebuyers with its quiet yet convenient location. Most homes rely on well water and septic systems, though this may change as the neighborhood grows. New Hope is surrounded by natural attractions, including Eno River State Park with its paddling, fishing, and 13 miles of hiking trails, and Duke Forest, which offers guided tours and volunteer opportunities. Hollow Rock Nature Park and Johnston Mill Nature Preserve provide additional hiking and outdoor activities. While New Hope lacks extensive shopping and dining options, residents often visit nearby Hillsborough for groceries and dining, including popular spots like Hillsborough BBQ Company and Eno River Brewing. The neighborhood is conveniently located about 7 miles from Hillsborough, 12 miles from downtown Durham, and 9 miles from Chapel Hill, with major roads like Interstates 85 and 40 providing easy access to Research Triangle Park, a significant employment hub. Schools in the area include the highly rated New Hope Elementary and Cedar Ridge High, which offers an International Baccalaureate Programme and dual enrollment opportunities.
Home Trends in New Hope, NC
On average, homes in New Hope, Durham sell after 10 days on the market compared to the national average of 70 days. The median sale price for homes in New Hope, Durham over the last 12 months is $511,978, down 67% from the median home sale price over the previous 12 months.
Median Sale Price
$511,978
Median Single Family Sale Price
$376,330
Median 2 Bedroom Sale Price
$398,000
Average Price Per Sq Ft
$272
Number of Homes for Sale
6
Last 12 months Home Sales
18
Median List Price
$381,420
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-67%