$2,136 Closing Credit*
$179,900
2 Beds
•2 Full Baths
Mirian Abreu, Listing Office: EXP Realty, LLC
Is Hanover Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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, PA
How much do homes in Hanover Township, PA cost?
Median Sold Price
$274,584
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$9,584(+3.6%)
Key Takeaway
Homes in Hanover Township have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Hanover Township was $274,584 in August 2024, up 3.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.4K | $115K | +2.3% |
| 2 Bedrooms | $180K | $210K | +16.7% |
| 3 Bedrooms | $251.5K | $260K | +3.4% |
| 4 Bedrooms | $356.7K | $357.5K | 0.2% |
| 5+ Bedrooms | $394.5K | $435K | +10.3% |
Summary: Hanover Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in Hanover Township, PA
How many homes are available in Hanover Township, PA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 247 | 247 | 0.0% |
Summary: The Hanover Township real estate market had 247 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 143 | 139 | -2.8% |
| 4 Bedrooms | 58 | 63 | +8.6% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Hanover Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 64 | 53 | -17.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hanover Township, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Hanover Township in August 2024, down by 17.2% month-over-month. Of the 53 sold homes, 25% were sold under asking, 34% were sold at asking, and 42% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 32 Days | 29 Days | -10.9% |
Summary: Homes in Hanover Township had an average of 29 days on market in Aug 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hanover Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 53 homes were sold in Hanover Township; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
