Hanover Park, IL

Balanced market+25.2% YoY

Housing market overview · Updated weekly

$335,000median sale price

Homes sold

15

Last 12 weeks

Days on market

42

Average pace

Active listings

66

4.4 months supply

Sale-to-list

100.7%

Above asking

The Hanover Park housing market is currently classified as a balanced market with a median sale price of $335,000. Prices have risen 25.2% compared to last year, with homes spending an average of 42 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Hanover Park

There are currently 66 homes listed for sale in Hanover Park, Illinois. The median listing price is $350K.

Active listings

66

Homes on market

Median list price

$350K

Avg. days on market

42

Days until sale

New this week

32

Newly listed

Price drops:10.6%of listings
Sale-to-list:100.7%

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Frequently asked questions

What is the average home price in Hanover Park?

The median home sale price in Hanover Park is $335,000, up 25.2% from last year.

How long do homes stay on market in Hanover Park?

Homes typically spend 42 days on market before going under contract.

Is Hanover Park a buyer's or seller's market?

With 4.4 months of supply, Hanover Park is currently a balanced market.

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