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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hanover Township is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in West Hanover Township, PA cost?

Median Sold Price

$278,500

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$13,500(+5.1%)

Key Takeaway

Homes in West Hanover Township have sold for 5.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $212.5K$243K
+14.4%
3 $250K$262K
+4.8%
4 $415K$355K
-14.5%
5+ $449.9K$365K
-18.9%

Median Sold Price Compared To Nearby Cities

Lower Paxton Township
+12.8%
South Hanover Township
+9.8%
West Hanover Township
+5.1%

How many homes are available in West Hanover Township, PA?

Number of Homes For Sale

Nov 2022Dec 2022%
3528-20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 22
0.0%
3 2015
-25.0%
4 1210
-16.7%
5+ 11
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
913+44.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hanover Township, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
8 Days9 Days+10.9%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West 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 West Hanover Township, PA

West Hanover Township, PA has 28 homes for sale to choose from. The inventory of homes for sale in West Hanover Township, PA between November 2022 and December 2022 decreased by 20%. While the average time on the market in December 2022 was 9 days, the median list price was $278,500. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 14.4%, 3 bedrooms properties prices increased by 4.8%, 4 bedrooms properties prices decreased by 14.5%, 5 bedrooms properties became 18.9% more cheaper. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 25%, 4 bedrooms homes became 16.7% less available, 5 bedrooms homes did not move. In December 2022 more than 3 listings in West Hanover Township, PA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 5 were sold below.

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