Hanover Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,900
    7% ( $10,000 ) vs May 2013
  • Median Sales Price
    $156,000
    11% ( $16,000 ) vs May 2013
  • Median Foreclosure Sales Price
    $98,500
    7% ( $7,000 ) vs May 2013
  • Foreclosures 438
    Homes for Sale 56
    Recently Sold 355

Market Summary

There are currently 438 properties in Hanover Park, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 56.

In June, the number of properties that received a foreclosure filing in Hanover Park, IL was 36% higher than the previous month and 40% lower than the same time last year.

Home sales for May 2014 were up 42% compared with the previous month, and up 100% compared with a year ago. The median sales price of a non-distressed home was $156,000. The median sales price of a foreclosure home was $98,500, or 37% lower than non-distressed home sales.

Sales Prices - Hanover Park, IL




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$98,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $89,750 (Median Foreclosure Sales Price) $91,250 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $156,000 (Median Sales Price) $140,000 (Median Sales Price) $130,000 (Median Sales Price) $131,250 (Median Sales Price) $125,500 (Median Sales Price) $135,000 (Median Sales Price) $98,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $89,750 (Median Foreclosure Sales Price) $91,250 (Median Foreclosure Sales Price) $112,000 (Median Foreclosure Sales Price) $156,000 (Median Sales Price) $140,000 (Median Sales Price) $130,000 (Median Sales Price) $131,250 (Median Sales Price) $125,500 (Median Sales Price) $135,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Elgin
139
30.2
% (y-o-y)
$137,500
2.3
% (y-o-y)
36.7%
36.1
% (y-o-y)
Schaumburg
122
17.0
% (y-o-y)
$210,000
13.2
% (y-o-y)
35.6%
40.7
% (y-o-y)
Wheaton
93
15.5
% (y-o-y)
$280,000
4.4
% (y-o-y)
54.6%
45.4
% (y-o-y)
Saint Charles
81
14.7
% (y-o-y)
$279,000
0.4
% (y-o-y)
16.5%
24.9
% (y-o-y)
Glen Ellyn
66
14.3
% (y-o-y)
$350,000
2.2
% (y-o-y)
42.9%
58.8
% (y-o-y)
Streamwood
62
26.2
% (y-o-y)
$147,000
8.1
% (y-o-y)
16.3%
11.8
% (y-o-y)
Bartlett
59
15.7
% (y-o-y)
$237,000
19.1
% (y-o-y)
15.4%
9.0
% (y-o-y)
Carol Stream
45
9.8
% (y-o-y)
$178,500
1.1
% (y-o-y)
17.4%
19.9
% (y-o-y)
Glendale Heights
45
25.0
% (y-o-y)
$157,500
12.5
% (y-o-y)
33.3%
31.8
% (y-o-y)
Addison
39
2.5
% (y-o-y)
$170,000
0.6
% (y-o-y)
8.8%
28.1
% (y-o-y)

Local Info For Hanover Park

Population:
37,743
Cost of Living Index: 113.71
Crime Index: 21.32     Rating: A View crime details
Schools: 10    Average School Rating: C+ View individual school rating
Household Median Income: $63,649
Unemployment: 7.90%
Percentage of vacant homes: 6.01%