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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hanover Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Hanover Township, IN

How much do homes in Hanover Township, IN cost?

Median Sold Price

$148,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$29,500(-16.6%)

Key Takeaway

Homes in Hanover Township have sold for 16.6% less than they did a year ago.

Summary: The median home sold price in Hanover Township was $148,000 in March 2024, down 16.6% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $136K$155.5K
+14.3%
3 $184K$147.5K
-19.8%
4 $162.5K$162.5K
0.0%
5+ $300K-
N/A

Summary: Hanover Township housing prices by bedroom type for March 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 19.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Hanover Township, IN

How many homes are available in Hanover Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
550.0%

Summary: The Hanover Township real estate market had 5 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Hanover Township housing inventory by bedroom type for March 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hanover Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Hanover Township in March 2024, up by 100.0% month-over-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

We’re sorry, we don't have information for this market at the moment

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

Report Updated 28 Days Ago

Newest Listings in Hanover Township, IN

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