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
$270,000
$154/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 $270,000 in April 2024, up 3.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.4K | $129.9K | +15.6% |
2 Bedrooms | $172.4K | $201K | +16.6% |
3 Bedrooms | $245K | $256.4K | +4.7% |
4 Bedrooms | $320K | $362.5K | +13.3% |
5+ Bedrooms | $399K | $419.9K | +5.3% |
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 15.6%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Smith Township | $152.5K | $168.5K | +10.5% |
Hanover Township | $260K | $270K | +3.8% |
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 |
---|---|---|
246 | 267 | +8.5% |
Summary: The Hanover Township real estate market had 267 homes for sale in April 2024, a 8.5% 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 | 31 | 34 | +9.7% |
3 Bedrooms | 144 | 154 | +6.9% |
4 Bedrooms | 59 | 66 | +11.9% |
5+ Bedrooms | 11 | 13 | +18.2% |
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 9.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 51 | -19.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Hanover Township in April 2024, down by 19.0% month-over-month. Of the 51 sold homes, 39% were sold under asking, 37% were sold at asking, and 24% 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 |
---|---|---|
47 Days | 25 Days | -46.0% |
Summary: Homes in Hanover Township had an average of 25 days on market in Apr 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Hanover Township; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.