$1,661 Closing Credit*
$139,900
1 Bed
•1 Full Bath
Michael S Narducci, Listing Office: Narducci Realty
Is Hanover Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hanover Township was a Neutral Market.
Key Takeaway
Hanover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hanover Township, OH
How much do homes in Hanover Township, OH cost?
Median Sold Price
$198,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+16.1%)
Key Takeaway
Homes in Hanover Township have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Hanover Township was $198,500 in October 2024, up 16.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.5K | $187K | +27.6% |
| 2 Bedrooms | $134.4K | $35K | -74.0% |
| 3 Bedrooms | $189.9K | $229K | +20.6% |
| 4 Bedrooms | $300K | $357.5K | +19.2% |
| 5+ Bedrooms | - | $360K | N/A |
Summary: Hanover Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes decreased by 74%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Butler Township | $181.7K | $265K | +45.8% |
| Hanoverton | $162.7K | $232.5K | +42.9% |
| Hanover Township | $171K | $198.5K | +16.1% |
Housing Supply in Hanover Township, OH
How many homes are available in Hanover Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Hanover Township real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hanover Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hanover Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hanover Township in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Hanover Township, OH
How long does it take to sell a home in Hanover Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 59 Days | +1391.7% |
Summary: Homes in Hanover Township had an average of 59 days on market in Oct 2024, up by 1391.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hanover Township has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Hanover Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.