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Featured local agent — Hanover, OH
Sarah Mitchell
Compass Real Estate · Hanover, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hanover, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$322,900median sale price
How is the Hanover, OH housing market right now?
The median home sale price in Hanover, OH is $322,900, down 7.9% year-over-year. Homes sell in an average of 49 days with 5 active listings. The market is currently a 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, OH is currently a seller's market, based on 1.0 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
49
Average pace
Active listings
5
1.0 months supply
Sale-to-list
93.6%
Below asking
What does the Hanover housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $322,900 |
| Median list price | $351,350 |
| Year-over-year price change | -7.9% |
| Average days on market | 49 days |
| Active inventory | 5 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 93.6% |
| Median price per sq ft | $209/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 2 |
| Listings with a price cut | 40.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hanover by property type?
How the Hanover, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $322,900 | $209/sq ft | 5 | 49 days |
| Condo / Co-op | $293,900 | $217/sq ft | 1 | 157 days |
Source: Redfin · Updated monthly
The Hanover housing market is currently classified as a seller's market with a median sale price of $322,900. Prices have fallen 7.9% compared to last year, with homes spending an average of 49 days on market, indicating 1.0 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 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Hanover
There are currently 5 homes listed for sale in Hanover, Ohio. The median listing price is $351K.
Active listings
5
Homes on market
Median list price
$351K
Avg. days on market
49
Days until sale
New this week
2
Newly listed
Who lives in Hanover?
Population
1,183
Median income
$84,115/yr
Median age
39.6 years
Owner-occupied
83.4%
College grads
22.9%
Avg commute
27.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Hanover?
Zillow home value
$329,877
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Hanover?
Hanover is a community of approximately 1K residents with a median age of 39.6 years.The median household income is $84,115, which reflects a relatively affluent area with strong earning potential. 22.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.7 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 cities are near Hanover, OH?
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 $322,900, down 7.9% from last year.
How long do homes stay on market in Hanover?
Homes typically spend 49 days on market before going under contract.
What is the median income in Hanover?
The median household income is $84,115 per year.
Is Hanover a buyer's or seller's market?
With 1.0 months of supply, Hanover is currently a seller's market.
What is the Zillow home value estimate for Hanover?
The Zillow Home Value Index (ZHVI) for Hanover is $329,877, 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, OH is $293,900, compared to $322,900 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, OH is $322,900 (about $209 per square foot).
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