Housing in New Hope, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$304,000

Median List Price

$367,500

Price Per Sq Ft

$178

Days on Market

32

Active Inventory

22

Months of Supply

3.1

Seller's market

Zillow Home Value

$335,806

ZHVI — January 2026

Zillow Rent Index

$1,384

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 7.2%List Price ↓ 3.0%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

42.9%

Off Market in 2 Weeks

23.1%

Sale-to-List Ratio

101.4%

Seller's market

Sold Above Asking
42.9%
Under Contract in 2 Wks
23.1%
Listings with Price Drops
27.3%

Market Activity

Source: Redfin

Homes Sold

7

New Listings

10

Pending Sales

13

Homes Sold ↓ 56.3%New Listings ↓ 41.2%Pending ↓ 31.6%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$178

Median List $/SF

$187

Sale $/SF ↑ 3.5%List $/SF ↑ 4.5%Mar 24 → Jan 26

New Hope vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. New Hope is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$314,600

Median Rent

$1,306

Total Housing Units

9,417

Vacancy Rate

3.2%

Owner Occupied

52.5%

Renter Occupied

47.5%

Median Property Tax

$4,199

per year

Monthly Cost (w/ Mortgage)

$1,616

Housing Types

Single Family
50.8%
Multi-Family
49.1%
Mobile Home
0.2%

The current median sale price in New Hope, MN is $304,000 according to Redfin data. Homes spend a median of 32 days on the market. 42.9% of homes sold above asking price. The market has 3.1 months of supply. The median price per square foot is $178. Zillow's observed rent index is $1,384/month. About 52.5% of housing units are owner-occupied. The median year homes were built is 1969. There are 9,417 total housing units.