Altos Research

Hanover, MD

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Hanover, MD

Fri Jul 19 2019
This week the median list price for Hanover, MD is $512,990 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 40. Click here to stay informed with the Hanover market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Hanover, MD

Fri Jul 19 2019
This week the median list price for Hanover, MD is $512,990 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 40. Click here to stay informed with the Hanover market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Hanover market.
Median List Price $512,990
Per Square Foot $207
Days on Market 113
Price Decreased 25%
Price Increased 3%
Relisted 13%
Inventory 40
Median House Rent $2,500
Most Expensive $759,000
Least Expensive $320,000
Market Action Index
Slight Seller's Advantage
35

Prices appear to be hovering around their 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
$596,695 3,378 0.25 - 0.5 acre 4 3 10 1 0 75
$529,845 2,590 6,500 - 8,000 sqft 4 2 0 0 1 167
$491,700 2,303 8,000 - 10,000 sqft 4 2 0 1 0 153
$382,449 1,781 8,000 - 10,000 sqft 4 2 30 3 1 58