Housing Prices in Hanover, IL
How much do homes in Hanover, IL cost?
Median List Price
$387,000
$161/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Summary: The median home list price in Hanover was $387,000 in May 2024, down 9.3% from the previous year, and the median price per square foot was $161.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $47.5K | N/A |
2 Bedrooms | $65K | $66K | +1.5% |
3 Bedrooms | $288.4K | $243.4K | -15.6% |
4 Bedrooms | $469.5K | $1.3M | +192.8% |
5+ Bedrooms | - | - | N/A |
Summary: Hanover housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 192.8%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
Hanover | $426.7K | $387K | -9.3% |
Hanover Township | $426.7K | $387K | -9.3% |
Housing Supply in Hanover, IL
How many homes are available in Hanover, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The Hanover real estate market had 7 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hanover housing inventory by bedroom type for May 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 increased by 25%, and 5+ bedroom homes remained the same.
Days on Market for Hanover, IL
How long does it take to sell a home in Hanover, IL?
Average Listing Age
May 2023 | May 2024 | CHANGE |
---|---|---|
714 Days | 86 Days | -88.0% |
Summary: Homes in Hanover had an average listing age of 86 days in May 2024, down by 88% compared to the previous year.