Is Hanover Township, PA 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 Seller's Market.
Housing Prices in Hanover Township, PA
How much do homes in Hanover Township, PA cost?
Median Sold Price
$269,768
$151/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 $269,768 in February 2024, up 9.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $132.4K | -14.5% |
2 Bedrooms | $175.5K | $197K | +12.3% |
3 Bedrooms | $226.5K | $255K | +12.6% |
4 Bedrooms | $289K | $362.5K | +25.4% |
5+ Bedrooms | $399K | $432.5K | +8.4% |
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 14.5%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Smith Township | $140K | $176K | +25.7% |
Hanover Township | $246.9K | $269.7K | +9.2% |
Housing Supply in Hanover Township, PA
How many homes are available in Hanover Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
289 | 289 | 0.0% |
Summary: The Hanover Township real estate market had 289 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 27 | +17.4% |
3 Bedrooms | 168 | 168 | 0.0% |
4 Bedrooms | 75 | 71 | -5.3% |
5+ Bedrooms | 22 | 22 | 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 increased by 17.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 44 | -10.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Hanover Township in February 2024, down by 10.2% month-over-month. Of the 44 sold homes, 36% were sold under asking, 39% were sold at asking, and 25% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 53 Days | +60.2% |
Summary: Homes in Hanover Township had an average of 53 days on market in Feb 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 44 homes were sold in Hanover Township; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.