Is West Hanover Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in West Hanover Township, PA
How much do homes in West Hanover Township, PA cost?
Median Sold Price
$335,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Hanover Township have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in West Hanover Township was $335,000 in March 2024, up 23.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $248.5K | $256.2K | +3.1% |
| 3 Bedrooms | $262K | $300K | +14.5% |
| 4 Bedrooms | $326K | $535.5K | +64.3% |
| 5+ Bedrooms | $347.9K | $553.5K | +59.1% |
Summary: West Hanover Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes increased by 59.1%.
Median Sold Price Compared To Nearby Cities
| South Hanover Township | $288.5K | $385K | +33.4% |
| West Hanover Township | $270.5K | $335K | +23.8% |
| East Hanover Township | $385K | $400.5K | +4.0% |
| Lower Paxton Township | $304K | $295K | -3.0% |
Housing Supply in West Hanover Township, PA
How many homes are available in West Hanover Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 47 | +23.7% |
Summary: The West Hanover Township real estate market had 47 homes for sale in March 2024, a 23.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 20 | 28 | +40.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The West Hanover Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 9 | +800.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Hanover Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in West Hanover Township in March 2024, up by 800.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for West Hanover Township, PA
How long does it take to sell a home in West Hanover Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 4 Days | 6 Days | +56.4% |
Summary: Homes in West Hanover Township had an average of 6 days on market in Mar 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Hanover Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in West Hanover Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
