$3,266 Closing Credit*
$275,000
3 Beds
•3 Full Baths
Harry Hofmeister, Listing Office: Hofmeister Realty
Is Hanoverton, 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, Hanoverton was a Seller's Market.
Key Takeaway
Hanoverton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hanoverton, OH
How much do homes in Hanoverton, OH cost?
Median Sold Price
$232,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$69,750(+42.9%)
Key Takeaway
Homes in Hanoverton have sold for 42.9% more than they did a year ago.
Summary: The median home sold price in Hanoverton was $232,500 in October 2024, up 42.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $140K | $155K | +10.7% |
| 3 Bedrooms | $170K | $232.5K | +36.8% |
| 4 Bedrooms | $275K | $357.5K | +30.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hanoverton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 30%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hanoverton | $162.7K | $232.5K | +42.9% |
| Hanover Township | $171K | $198.5K | +16.1% |
Housing Supply in Hanoverton, OH
How many homes are available in Hanoverton, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Hanoverton real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hanoverton 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 40%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanoverton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hanoverton in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hanoverton, OH
How long does it take to sell a home in Hanoverton, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 39 Days | +132.4% |
Summary: Homes in Hanoverton had an average of 39 days on market in Oct 2024, up by 132.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hanoverton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Hanoverton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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