$10,000 Closing Credit*
$1,395,000
2,706 SqFt
4 Beds
•2 Full Baths, 1 Partial
Marco Day, Listing Office: BHHS Verani Upper Valley
Is Hanover, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hanover has remained a Seller's Market.
Key Takeaway
Hanover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hanover, NH
How much do homes in Hanover, NH cost?
Median Sold Price
$1,800,000
$657/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$1,136,500(+171.3%)
Key Takeaway
Homes in Hanover have sold for 171.3% more than they did a month ago.
Summary: The median home sold price in Hanover was $1,800,000 in December 2024, up 171.3% from last month, and the median price per square foot was $657.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | - | N/A |
| 3 Bedrooms | $663.5K | - | N/A |
| 4 Bedrooms | $770K | $1.8M | +133.8% |
| 5+ Bedrooms | $1.5M | - | N/A |
Summary: Hanover housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 133.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hanover | $663.5K | $1.8M | +171.3% |
| Norwich | $645K | $1.2M | +89.9% |
| West Lebanon | $420K | $478.5K | +13.9% |
Housing Supply in Hanover, NH
How many homes are available in Hanover, NH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 11 | -52.2% |
Summary: The Hanover real estate market had 11 homes for sale in December 2024, a 52.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Hanover housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanover, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Hanover in December 2024, down by 75.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hanover, NH
We’re sorry, we don't have information for this market at the moment
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