Is Hanover Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hanover Township was a Seller's Market.
Housing Prices in Hanover Township, IN
How much do homes in Hanover Township, IN cost?
Median Sold Price
$150,000
$109/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 $150,000 in April 2024, down 11.1% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $136K | $155.5K | +14.3% |
3 Bedrooms | $180K | $147.5K | -18.1% |
4 Bedrooms | $162.5K | $185K | +13.8% |
5+ Bedrooms | $300K | - | N/A |
Summary: Hanover Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Morristown | $156.2K | $232.4K | +48.8% |
Hanover Township | $168.7K | $150K | -11.1% |
Housing Supply in Hanover Township, IN
How many homes are available in Hanover Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Summary: The Hanover Township real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hanover Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Hanover Township in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hanover Township, IN
How long does it take to sell a home in Hanover Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 190 Days | +313.0% |
Summary: Homes in Hanover Township had an average of 190 days on market in Apr 2024, up by 313% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Hanover Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.