Altos Market Data for Realtors

Hanover, MD

Single-Family Homes

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Hanover, MD

Tue Oct 20 2020
This week the median list price for Hanover, MD is $689,000 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has held steady at or around 7. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Hanover, MD

Tue Oct 20 2020
This week the median list price for Hanover, MD is $689,000 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has held steady at or around 7. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Hanover market.
Median List Price $689,000
Per Square Foot $249
Days on Market 56
Price Decreased 43%
Price Increased 14%
Relisted 0%
Inventory 7
Median Rent $2,500
Most Expensive $899,000
Least Expensive $349,900
Market Action 73
Strong Seller's Market

The market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$899,000 3,660 1 - 2.5 acres 8 4 62 0 0 203
$761,650 3,876 0.5 - 1 acre 4 4 3 0 1 31
$637,000 4,081 0.25 - 0.5 acre 4 3 6 1 3 42
$422,200 1,509 0.25 - 0.5 acre 3 2 39 0 1 21