$3,681 Closing Credit*
$310,000
1,636 SqFt
3 Beds
•2 Full Baths
Nicholas Haiduk, Listing Office: Lime House
Is Hanover, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 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, PA
How much do homes in Hanover, PA cost?
Median Sold Price
$282,974
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,349(+4.2%)
Key Takeaway
Homes in Hanover have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Hanover was $282,974 in December 2024, up 4.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $75K | -44.4% |
| 2 Bedrooms | $190K | $205.5K | +8.2% |
| 3 Bedrooms | $255K | $269.8K | +5.8% |
| 4 Bedrooms | $364.7K | $359K | -1.6% |
| 5+ Bedrooms | $444.4K | $434.9K | -2.1% |
Summary: Hanover housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Conewago Township | $251K | $274.9K | +9.5% |
| Hanover | $271.6K | $282.9K | +4.2% |
| Penn Township | $275K | $279.9K | +1.8% |
Housing Supply in Hanover, PA
How many homes are available in Hanover, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 231 | 211 | -8.7% |
Summary: The Hanover real estate market had 211 homes for sale in December 2024, a 8.7% 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 | 26 | 18 | -30.8% |
| 3 Bedrooms | 128 | 123 | -3.9% |
| 4 Bedrooms | 62 | 59 | -4.8% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
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 30.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 58 | 52 | -10.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanover, expect to pay close to the asking price. 40.4% of homes here sold near the asking price last month.
Summary: A total of 52 homes were sold or pending in Hanover in December 2024, down by 10.3% month-over-month. Of the 52 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% were sold over asking.
Days on Market for Hanover, PA
How long does it take to sell a home in Hanover, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +20.6% |
Summary: Homes in Hanover had an average of 31 days on market in Dec 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hanover are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 52 homes were sold in Hanover; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
