Altos Market Data for Realtors

Hanover, MD

Single-Family Homes

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Hanover, MD

Fri Apr 03 2020
This week the median list price for Hanover, MD is $549,990 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 27. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Hanover, MD

Fri Apr 03 2020
This week the median list price for Hanover, MD is $549,990 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 27. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Hanover market.
Median List Price $549,990
Per Square Foot $217
Days on Market 85
Price Decreased 26%
Price Increased 44%
Relisted 4%
Inventory 27
Median Rent $2,495
Most Expensive $975,000
Least Expensive $279,990
Market Action 42
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change 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
$682,450 3,738 0.25 - 0.5 acre 5 3 18 2 0 67
$562,990 2,718 6,500 - 8,000 sqft 4 2 1 0 0 108
$542,990 2,296 6,500 - 8,000 sqft 4 2 0 0 1 126
$449,900 1,850 8,000 - 10,000 sqft 4 2 24 2 0 35