Altos Market Data for Realtors

Hanover, MD

Single-Family Homes

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Hanover, MD

Mon Jun 30 2025
This week the median list price for Hanover, MD is $772,000 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has held steady at or around 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Hanover, MD

Mon Jun 30 2025
This week the median list price for Hanover, MD is $772,000 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has held steady at or around 22. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Hanover market.
Median List Price $772,000
Median Price of New Listings $725,000
Per Square Foot $264
Average Days on Market 162
Median Days on Market 56
Price Decreased 27%
Price Increased 0%
Relisted 5%
Inventory 22
Median Rent
Market Action 43
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$1,103,744 4,366 0.5 - 1 acre 5 4.5 0 0 0 241
$949,000 3,094 0.5 - 1 acre 5 3.5 0 0 1 63
$647,500 1,986 0.25 - 0.5 acre 3 2.8 32 3 2 10
$450,000 1,727 0.25 - 0.5 acre 3 2 61 0 2 21