Blake and Ali Poore Team

Hanover, VA

Single-Family Homes

Long & Foster Real Estate



Hanover, VA

Mon May 17 2021
This week the median list price for Hanover, VA is $441,990 with the market action index hovering around 66. This is an increase over last month's market action index of 62. Inventory has increased to 5. Click here to stay informed with the Hanover market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Hanover, VA

Mon May 17 2021
This week the median list price for Hanover, VA is $441,990 with the market action index hovering around 66. This is an increase over last month's market action index of 62. Inventory has increased to 5. Click here to stay informed with the Hanover market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Hanover market.
Median List Price $441,990
Median Price of New Listings $470,051
Per Square Foot $207
Average Days on Market 95
Median Days on Market 14
Price Decreased 20%
Price Increased 20%
Relisted 20%
Inventory 5
Median Rent
Market Action 66
Strong Seller's Market

This is a market where watching the value metrics (like price per square foot) can provide insight that you don’t get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining a bit. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$745,000 3,106 10 - 20 acres 5 5 36 0 0 14
$650,152 3,134 5 - 10 acres 3 3 0 1 0 0
$441,990 2,230 5 - 10 acres 3 2 1 0 0 427
$274,975 1,994 1 - 2.5 acres 4 2 75 1 0 17