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Featured local agent — Hanover, MA
Sarah Mitchell
Compass Real Estate · Hanover, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hanover, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.04Mmedian sale price
How is the Hanover, MA housing market right now?
The median home sale price in Hanover, MA is $1.04M, up 44.3% year-over-year. Homes sell in an average of 19 days with 16 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hanover a buyer's or seller's market?
Hanover, MA is currently a strong seller's market, based on 2.7 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
19
Fast-moving
Active listings
16
2.7 months supply
Sale-to-list
105.1%
Above asking
What does the Hanover housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.04M |
| Median list price | $724,950 |
| Year-over-year price change | +44.3% |
| Average days on market | 19 days |
| Active inventory | 16 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 105.1% |
| Median price per sq ft | $425/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 12 |
| Listings with a price cut | 31.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hanover by property type?
How the Hanover, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.15M | $442/sq ft | 5 | 21 days |
| Condo / Co-op | $900,000 | $408/sq ft | 1 | 17 days |
| Townhouse | $880,000 | $250/sq ft | 1 | 48 days |
Source: Redfin · Updated monthly
The Hanover housing market is currently classified as a strong seller's market with a median sale price of $1.04M. Prices have risen 44.3% compared to last year, with homes spending an average of 19 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Hanover
There are currently 16 homes listed for sale in Hanover, Massachusetts. The median listing price is $725K.
Active listings
16
Homes on market
Median list price
$725K
Avg. days on market
19
Days until sale
New this week
12
Newly listed
What are homes worth in Hanover?
Zillow home value
$846,857
Zillow rent index
$3,042/mo
Price-to-rent ratio
23.2x
Source: Zillow Research
Which public schools serve Hanover?
5 schools tracked · 3,269 students
The largest public schools serving Hanover, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Hanover Middle
Grades 5-8 · 800 students
Hanover High
Grades 9-12 · 684 students
South Shore Vocational Technical High
Grades 9-12 · 667 students
Center Elementary
Grades 2-4 · 628 students
Cedar Elementary
Grades PK-1 · 490 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hanover, MA?
Want a head-to-head view? Compare Hanover side-by-side with any other U.S. city using our market-comparison tool.
Is Hanover a good real estate investment market?
For investors evaluating Hanover, the price-to-rent ratio of 23.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 44.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hanover's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hanover's median home price.
Frequently asked questions
What is the average home price in Hanover?
The median home sale price in Hanover is $1.04M, up 44.3% from last year.
How long do homes stay on market in Hanover?
Homes typically spend 19 days on market before going under contract.
Is Hanover a buyer's or seller's market?
With 2.7 months of supply, Hanover is currently a strong seller's market.
What is the Zillow home value estimate for Hanover?
The Zillow Home Value Index (ZHVI) for Hanover is $846,857, representing the typical home value in the area.
What is the median condo price in Hanover?
The median condo/co-op sale price in Hanover, MA is $900,000, compared to $1.15M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hanover?
The median single-family home price in Hanover, MA is $1.15M (about $442 per square foot).
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