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Featured local agent — Hanover, NH
Sarah Mitchell
Compass Real Estate · Hanover, NH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hanover, NH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.00Mmedian sale price
How is the Hanover, NH housing market right now?
The median home sale price in Hanover, NH is $1.00M, up 16.2% year-over-year. Homes sell in an average of 61 days with 16 active listings. The market is currently a balanced 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, NH is currently a balanced market, based on 2.3 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
61
Average pace
Active listings
16
2.3 months supply
Sale-to-list
98.5%
Below asking
What does the Hanover housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.00M |
| Median list price | $1.15M |
| Year-over-year price change | +16.2% |
| Average days on market | 61 days |
| Active inventory | 16 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 98.5% |
| Median price per sq ft | $404/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 7 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hanover by property type?
How the Hanover, NH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.20M | $551/sq ft | 3 | 81 days |
| Condo / Co-op | $525,000 | $321/sq ft | 3 | 49 days |
Source: Redfin · Updated monthly
The Hanover housing market is currently classified as a balanced market with a median sale price of $1.00M. Prices have risen 16.2% compared to last year, with homes spending an average of 61 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.5x provides context for how home values compare to local earning capacity.
Homes for sale in Hanover
There are currently 16 homes listed for sale in Hanover, New Hampshire. The median listing price is $1.1M.
Active listings
16
Homes on market
Median list price
$1.1M
Avg. days on market
61
Days until sale
New this week
7
Newly listed
Who lives in Hanover?
Population
8,520
Median income
$135,250/yr
Median age
21.8 years
Owner-occupied
56.9%
College grads
88.0%
Avg commute
16.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Hanover?
Zillow home value
$1.02M
Price-to-income
7.5x
Source: Zillow Research
What is it like to live in Hanover?
Hanover is a community of approximately 9K residents with a median age of 21.8 years.The median household income is $135,250, which reflects a relatively affluent area with strong earning potential. 88.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 56.9%, showing a blend of owner and renter-occupied properties. The average commute time is 16.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hanover offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hanover?
3 schools tracked · 1,485 students
The largest public schools serving Hanover, NH 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 High School
Grades 9-12 · 683 students
Bernice A. Ray School
Grades K-5 · 438 students
Frances C. Richmond School
Grades 6-8 · 364 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, NH?
Want a head-to-head view? Compare Hanover side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hanover?
The median home sale price in Hanover is $1.00M, up 16.2% from last year.
How long do homes stay on market in Hanover?
Homes typically spend 61 days on market before going under contract.
What is the median income in Hanover?
The median household income is $135,250 per year.
Is Hanover a buyer's or seller's market?
With 2.3 months of supply, Hanover is currently a balanced market.
What is the Zillow home value estimate for Hanover?
The Zillow Home Value Index (ZHVI) for Hanover is $1.02M, 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, NH is $525,000, compared to $1.20M 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, NH is $1.20M (about $551 per square foot).
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