Is Hanover Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hanover Township has remained a Seller's Market.
Housing Prices in Hanover Township, OH
How much do homes in Hanover Township, OH cost?
Median Sold Price
$285,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hanover Township was $285,000 in April 2024, down 5.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $22K | -80.0% |
2 Bedrooms | $180K | $165K | -8.3% |
3 Bedrooms | $275K | $285K | +3.6% |
4 Bedrooms | $360K | $507K | +40.8% |
5+ Bedrooms | $480K | $490K | +2.1% |
Summary: Hanover Township housing prices by bedroom type for April 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 3.6%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Licking Township | $265K | $281.5K | +6.2% |
Nashport | $287.5K | $301.9K | +5.0% |
Hanover Township | $301K | $285K | -5.3% |
Housing Supply in Hanover Township, OH
How many homes are available in Hanover Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The Hanover Township real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hanover Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Hanover Township in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 36 Days | +47.3% |
Summary: Homes in Hanover Township had an average of 36 days on market in Apr 2024, up by 47.3% 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 April 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.