Is West Hanover Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hanover Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Hanover Township has remained a Seller's Market.

Key Takeaway

West Hanover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Hanover Township, PA

How much do homes in West Hanover Township, PA cost?

Median Sold Price

$315,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+4.7%)

Key Takeaway

Homes in West Hanover Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in West Hanover Township was $315,000 in October 2024, up 4.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$150K
N/A
2 $243K$288.3K
+18.7%
3 $281.9K$300K
+6.4%
4 $492K$425K
-13.6%
5+ $580K$564.2K
-2.7%

Summary: West Hanover Township 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 18.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Cities

South Hanover Township
+23.5%
Grantville
+4.8%
West Hanover Township
+4.7%
Lower Paxton Township
+3.3%

Housing Supply in West Hanover Township, PA

How many homes are available in West Hanover Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2825-10.7%

Summary: The West Hanover Township real estate market had 25 homes for sale in October 2024, a 10.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1111
0.0%
4 76
-14.3%
5+ 31
-66.7%

Summary: The West 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hanover Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in West Hanover Township in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for West Hanover Township, PA

How long does it take to sell a home in West Hanover Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days23 Days+51.0%

Summary: Homes in West Hanover Township had an average of 23 days on market in Oct 2024, up by 51% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Hanover Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in West Hanover Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in West Hanover Township, PA

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What housing markets are near West Hanover Township, PA?