The Poore Team

Hanover, VA

Single-Family Homes

Compass


Hanover, VA

Wed Sep 17 2025
This week the median list price for Hanover, VA is $442,475 with the market action index hovering around 31. This is an increase over last month's market action index of 28. Inventory has increased to 6. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Hanover, VA

Wed Sep 17 2025
This week the median list price for Hanover, VA is $442,475 with the market action index hovering around 31. This is an increase over last month's market action index of 28. Inventory has increased to 6. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Hanover market.
Median List Price $442,475
Median Price of New Listings $375,000
Per Square Foot $214
Average Days on Market 53
Median Days on Market 46
Price Decreased 17%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
Market Action 31
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 level. 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
$1,300,000 3,513 N/A 4 3.3 89 0 1 77
$485,000 2,526 1 - 2.5 acres 4 2 34 0 0 84
$387,475 1,904 5 - 10 acres 3 2 38 1 0 28
$282,900 1,350 2.5 - 5 acres 3 2 60 0 0 21