Hanover Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $196,550
    4% ( $6,650 ) vs May 2015
  • Median Sales Price
    $160,000
    7% ( $10,000 ) vs May 2015
  • Median Foreclosure Sales Price
    $114,500
    4% ( $4,500 ) vs May 2015
  • Foreclosures 253
    Homes for Sale 62
    Recently Sold 203

Market Summary

There are currently 253 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 62.

In June, the number of properties that received a foreclosure filing in Hanover Park, IL was 6% lower than the previous month and 39% higher than the same time last year.

Home sales for May 2016 were up 25% compared with the previous month, and up 14% compared with a year ago. The median sales price of a non-distressed home was $160,000. The median sales price of a foreclosure home was $114,500, or 28% lower than non-distressed home sales.

Sales Prices - Hanover Park, IL




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$114,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $106,667 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $117,000 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $160,000 (Median Sales Price) $150,000 (Median Sales Price) $138,000 (Median Sales Price) $148,000 (Median Sales Price) $138,334 (Median Sales Price) $146,750 (Median Sales Price) $114,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $106,667 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $117,000 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $160,000 (Median Sales Price) $150,000 (Median Sales Price) $138,000 (Median Sales Price) $148,000 (Median Sales Price) $138,334 (Median Sales Price) $146,750 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
28
68.2
% (y-o-y)
$239,500
31.6
% (y-o-y)
36.5%
30.2
% (y-o-y)
Streamwood
28
31.7
% (y-o-y)
$171,000
6.9
% (y-o-y)
28.4%
32.8
% (y-o-y)
Glen Ellyn
26
55.9
% (y-o-y)
$380,000
5.8
% (y-o-y)
71.2%
25.3
% (y-o-y)
Glendale Heights
26
42.2
% (y-o-y)
$160,000
2.6
% (y-o-y)
25.0%
9.3
% (y-o-y)
Bartlett
25
45.7
% (y-o-y)
$235,000
9.8
% (y-o-y)
22.1%
0.0
% (y-o-y)
Elgin
25
79.3
% (y-o-y)
$169,500
12.1
% (y-o-y)
36.9%
31.2
% (y-o-y)
Wheaton
25
62.1
% (y-o-y)
$287,500
12.0
% (y-o-y)
24.9%
51.0
% (y-o-y)
West Chicago
24
31.4
% (y-o-y)
$212,750
8.0
% (y-o-y)
35.8%
28.9
% (y-o-y)
Carol Stream
24
42.9
% (y-o-y)
$198,334
6.2
% (y-o-y)
26.9%
9.2
% (y-o-y)
Addison
20
28.6
% (y-o-y)
$198,500
7.6
% (y-o-y)
25.2%
10.8
% (y-o-y)

Local Info For Hanover Park

Population:
37,743
Cost of Living Index: 113.71
Crime Index: 42.08     Rating: A- View crime details
Schools: 10    Average School Rating: C+ View individual school rating
Household Median Income: $63,649
Unemployment: 5.30%
Percentage of vacant homes: 6.01%

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