Altos Market Data for Realtors

Hanover, MD

Single-Family Homes

Schedule a demo today at AltosResearch.com



Hanover, MD

Sat Sep 26 2020
This week the median list price for Hanover, MD is $580,000 with the market action index hovering around 73. This is an increase over last month's market action index of 67. Inventory has held steady at or around 11. 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

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

Sat Sep 26 2020
This week the median list price for Hanover, MD is $580,000 with the market action index hovering around 73. This is an increase over last month's market action index of 67. Inventory has held steady at or around 11. 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

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 $580,000
Per Square Foot $240
Days on Market 64
Price Decreased 9%
Price Increased 45%
Relisted 0%
Inventory 11
Median Rent $2,500
Most Expensive $899,000
Least Expensive $389,900
Market Action 73
Strong Seller's Market

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
$812,000 4,106 0.5 - 1 acre 6 3 34 0 1 94
$592,990 2,424 4,500 - 6,500 sqft 4 2 0 0 0 44
$572,990 2,114 4,500 - 6,500 sqft 3 2 0 0 1 126
$399,900 1,967 0.25 - 0.5 acre 4 2 38 3 2 0