$4,511 Closing Credit*
$379,900
2,880 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mike A Sabo, Listing Office: RE/MAX Quality Service, 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 November 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
$279,966
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,380(+3.9%)
Key Takeaway
Homes in Hanover Township have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Hanover Township was $279,966 in November 2024, up 3.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $95K | -34.5% |
| 2 Bedrooms | $197.5K | $205K | +3.8% |
| 3 Bedrooms | $255K | $269.8K | +5.8% |
| 4 Bedrooms | $357K | $360K | +0.8% |
| 5+ Bedrooms | $440K | $434.9K | -1.1% |
Summary: Hanover Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Hanover Township | $266.5K | $279.9K | +5.0% |
| Hanover Township | $269.5K | $279.9K | +3.9% |
Housing Supply in Hanover Township, PA
How many homes are available in Hanover Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 262 | 247 | -5.7% |
Summary: The Hanover Township real estate market had 247 homes for sale in November 2024, a 5.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 145 | 138 | -4.8% |
| 4 Bedrooms | 70 | 71 | +1.4% |
| 5+ Bedrooms | 20 | 14 | -30.0% |
Summary: The Hanover Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 54 | -41.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanover Township, you may be able to get a good deal. 35.2% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Hanover Township in November 2024, down by 41.3% month-over-month. Of the 54 sold homes, 35% were sold under asking, 33% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 28 Days | -9.8% |
Summary: Homes in Hanover Township had an average of 28 days on market in Nov 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 54 homes were sold in Hanover Township; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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