Is Hanover Township, OH 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 Last Month

Since last month, 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.

How much do homes in Hanover Township, OH cost?

Median Sold Price

$200,000

$128/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$83,500(-29.5%)

Key Takeaway

Homes in Hanover Township have sold for 29.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 $185K-
N/A
3 $248K$210K
-15.3%
4 $390K$186.2K
-52.2%
5+ $368.5K-
N/A

Median Sold Price Compared To Nearby Cities

Saint Clair Township
+67.5%
Hamilton
-5.3%
Hanover Township
-29.5%
Millville
-35.5%
Ross Township
-59.8%

How many homes are available in Hanover Township, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
34340.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 21
-50.0%
3 2326
+13.0%
4 66
0.0%
5+ 31
-66.7%

Number of Homes Sold

Sep 2022Oct 2022%
660.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 83.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2022Oct 2022%
11 Days27 Days+141.8%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hanover Township are selling fast, if you're buying plan to act quickly.

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

About Hanover Township, OH

There are 34 homes are for sale in Hanover Township, OH real estate market. The median list price of listings available in October 2022 was $200,000, while the average time on the real estate market was 27 days. Real estate listing prices changed between October 2021 and October 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties went down by 15.3%, 4 bedrooms properties prices decreased by 52.2%, 5 bedrooms properties prices increased by 0%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 50%, number of 3 bedrooms homes increased by 13%, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes went down by 66.7%. In October 2022 more than 1 listings in Hanover Township, OH were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 5 were sold below.