Is Hanover Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Hanover Township was a Buyer's Market.
Housing Prices in Hanover Township, OH
How much do homes in Hanover Township, OH cost?
Median Sold Price
$287,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hanover Township was $287,500 in February 2024, up 2.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $22K | -80.0% |
2 Bedrooms | $180K | $165K | -8.3% |
3 Bedrooms | $268K | $285K | +6.3% |
4 Bedrooms | $345K | $499.4K | +44.8% |
5+ Bedrooms | $620K | $485K | -21.8% |
Summary: Hanover Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Cities
Nashport | $267.7K | $295K | +10.2% |
Hanover Township | $280K | $287.5K | +2.7% |
Housing Supply in Hanover Township, OH
How many homes are available in Hanover Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Summary: The Hanover Township real estate market had 11 homes for sale in February 2024, a 22.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hanover Township housing inventory by bedroom type for February 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Hanover Township in February 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Hanover Township, OH
How long does it take to sell a home in Hanover Township, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 46 Days | +672.2% |
Summary: Homes in Hanover Township had an average of 46 days on market in Feb 2024, up by 672.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Hanover Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.