Why Live in Hopewell
Hopewell, VA, a small city spanning about 11 square miles, is the second-oldest continuously inhabited place in Virginia. Established in 1613, City Point overlooks the Appomattox and James rivers and is a popular park with trails and historical markers. Hopewell, part of Virginia’s Tri-Cities, is home to around 23,000 residents and is located about 20 miles south of Richmond. The city’s recreation is largely centered around its rivers, with the Hopewell City Marina offering a kayak ramp, fishing piers, and access to the James River. Hopewell City Park features a nature-inspired playground, a sandy beach, a fishing pier, and the Hopewell Riverwalk. The city also has the Hopewell Bowling Center, the Appomattox Regional Library, and the Hopewell Community Center. Housing in Hopewell primarily consists of ranch-style houses, with other styles including Cape Cods, modest cottages, and minimal traditional properties. Downtown Hopewell features the Beacon Theatre and a small business district, though many businesses have struggled to stay open. The Boathouse is a notable dining spot. The city is about 9 miles from Southpark Mall, a larger shopping destination. Hopewell’s economy is supported by industry, with companies like Ashland Specialty Ingredients and Honeywell having plants in the city. This industrial presence has led to occasional water-boiling advisories and a higher cancer risk near certain plants. Annual events include the Hopewell Harvest Fest and Light Up the Night. The city is accessible via U.S. Interstate 295 and Virginia State Route 10, with public transportation provided by the Hopewell Circulator bus. Richmond International Airport is about 20 miles away.
Home Trends in Hopewell, VA
On average, homes in Hopewell, VA sell after 20 days on the market compared to the national average of 70 days. The median sale price for homes in Hopewell, VA over the last 12 months is $275,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$275,000
Median Single Family Sale Price
$275,000
Average Price Per Sq Ft
$215
Number of Homes for Sale
1
Last 12 months Home Sales
45
Median List Price
$270,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%