$6,043 Closing Credit*
$508,906
2,320 SqFt
4 Beds
•2 Full Baths, 1 Partial
Bethann Mede, Listing Office: Joseph A Myers Real Estate, Inc.
Is Hanover Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Hanover Township has remained a Seller's 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, PA
How much do homes in Hanover Township, PA cost?
Median Sold Price
$276,872
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,388(+3.1%)
Key Takeaway
Homes in Hanover Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Hanover Township was $276,872 in October 2024, up 3.1% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.4K | $115K | +2.3% |
| 2 Bedrooms | $188K | $205K | +9.0% |
| 3 Bedrooms | $254.1K | $269.7K | +6.1% |
| 4 Bedrooms | $366.9K | $357K | -2.7% |
| 5+ Bedrooms | $429.9K | $434.9K | +1.2% |
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 2.3%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Hanover Township, PA
How many homes are available in Hanover Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 282 | 269 | -4.6% |
Summary: The Hanover Township real estate market had 269 homes for sale in October 2024, a 4.6% decrease 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 | 33 | 30 | -9.1% |
| 3 Bedrooms | 158 | 146 | -7.6% |
| 4 Bedrooms | 73 | 76 | +4.1% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
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 decreased by 9.1%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 83 | +38.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanover Township, expect to pay close to the asking price. 44.6% of homes here sold near the asking price last month.
Summary: A total of 83 homes were sold or pending in Hanover Township in October 2024, up by 38.3% month-over-month. Of the 83 sold homes, 27% were sold under asking, 45% were sold at asking, and 29% were sold over asking.
Days on Market for Hanover Township, PA
How long does it take to sell a home in Hanover Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +51.1% |
Summary: Homes in Hanover Township had an average of 31 days on market in Oct 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hanover Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 83 homes were sold in Hanover Township; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
