$3,681 Closing Credit*
$310,000
1,636 SqFt
3 Beds
•2 Full Baths
Nicholas Haiduk, Listing Office: Lime House
Is Hanover Township, 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 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
$282,948
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$12,406(+4.6%)
Key Takeaway
Homes in Hanover Township have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Hanover Township was $282,948 in December 2024, up 4.6% 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 | $192.5K | $205.5K | +6.8% |
| 3 Bedrooms | $255.7K | $270K | +5.6% |
| 4 Bedrooms | $359.9K | $357K | -0.8% |
| 5+ Bedrooms | $440K | $434.9K | -1.1% |
Summary: Hanover Township 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 6.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Hanover Township | $270.5K | $282.9K | +4.6% |
| Hanover Township | $269.6K | $281.2K | +4.3% |
Housing Supply in Hanover Township, PA
How many homes are available in Hanover Township, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 236 | 216 | -8.5% |
Summary: The Hanover Township real estate market had 216 homes for sale in December 2024, a 8.5% 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 | 131 | 125 | -4.6% |
| 4 Bedrooms | 64 | 62 | -3.1% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The Hanover Township 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 4.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
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 Township, 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 Township in December 2024, down by 11.9% 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 Township, PA
How long does it take to sell a home in Hanover Township, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 31 Days | +23.8% |
Summary: Homes in Hanover Township had an average of 31 days on market in Dec 2024, up by 23.8% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 52 homes were sold in Hanover Township; 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.
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