The Poore Team

Hanover, VA

Single-Family Homes

Compass


Hanover, VA

Wed Nov 19 2025
This week the median list price for Hanover, VA is $379,950 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Hanover, VA

Wed Nov 19 2025
This week the median list price for Hanover, VA is $379,950 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Hanover market.
Median List Price $379,950
Median Price of New Listings $0
Per Square Foot $216
Average Days on Market 91
Median Days on Market 84
Price Decreased 60%
Price Increased 0%
Relisted 20%
Inventory 5
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,459,500 3,182 N/A 3 2.8 41 0 0 94
$379,950 2,100 10 - 20 acres NaN 0 18 0 0 119
$369,900 1,708 1 - 2.5 acres 3 2 59 0 0 63
$282,900 1,350 - 3 2 60 0 0 84