Is Hanover Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hanover Township has remained a Seller's Market.
Housing Prices in Hanover Township, PA
How much do homes in Hanover Township, PA cost?
Median Sold Price
$285,002
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hanover Township was $285,002 in April 2024, down 9.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.4K | $132.4K | +17.8% |
2 Bedrooms | $217.5K | $220.7K | +1.5% |
3 Bedrooms | $275.2K | $267K | -3.0% |
4 Bedrooms | $400K | $393.5K | -1.6% |
5+ Bedrooms | $459.9K | $440K | -4.3% |
Summary: Hanover Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Bethlehem | $266.1K | $325.5K | +22.3% |
Hanover Township | $259.9K | $273K | +5.0% |
East Allen Township | $370K | $359.9K | -2.7% |
Bethlehem Township | $353K | $336.2K | -4.8% |
Hanover Township | $315.8K | $285K | -9.8% |
Housing Supply in Hanover Township, PA
How many homes are available in Hanover Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
266 | 279 | +4.9% |
Summary: The Hanover Township real estate market had 279 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 151 | 153 | +1.3% |
4 Bedrooms | 64 | 74 | +15.6% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Hanover Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 58 | -18.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Hanover Township in April 2024, down by 18.3% month-over-month. Of the 58 sold homes, 38% were sold under asking, 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 24 Days | -44.5% |
Summary: Homes in Hanover Township had an average of 24 days on market in Apr 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in Hanover Township; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.