Hanover, VA Home Values & Market Trends

Real estate market trends reflect that there have been 23 transactions over the past year in Hanover. The median value for residential home transactions that occurred over the previous year is $378,900.59. The number of current listings in Hanover is 1, and the percentage of properties for sale in the city is 1.00%. Hanover, VA currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 1 properties for sale.

Hanover, VA Real Estate Market Overview

ZipMedian Est. Value
23069

$ 910,164

$ 206/sqft

Housing Market Summary for Hanover, VA

Apr 2023March 2024Change
Median Listing Price$849.9K$363.1K-57.28%
Median Sold Price$336.4K$363.1K7.95%
Homes For Sale40-100.00%
Homes Sold3311-66.67%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Hanover, VA

Hanover home values range from $26,877 to $9,199,302. The median estimated value of a home in Hanover is $378,900.59. The median list price of a home is 949,950, and the total count of properties in the city is 1,167.

Foreclosure
There is 1 zips within Hanover, VA; within this zips, the median estimated home value for homes in foreclosure ranges from $893,492 in 23069 to the lowest value of $893,492 in 23069. Foreclosure homes account for 0.00% of properties in Hanover, VA with 23069 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Hanover, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Hanover, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Hanover, VA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Hanover, VA. There is 1 zips within Hanover, VA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    23069 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Hanover, VA. Auction homes and other auction properties account for 0.09% of all properties in Hanover, VA. There is 1 zips within Hanover, VA; of that zips, the median estimated home value for homes going to auction ranges from $893,492 in 23069 to the lowest value of $893,492 in 23069.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.09% of residential properties in Hanover, VA with 23069 containing 1 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Hanover, VA; homes for sale in that zips, have a range of median values from $910,164 in 23069 to the lowest value of $910,164 in 23069.
    Sold Homes
    The median value for recently sold homes ranges from $1,413,616 in 23069 to the lowest price of $98,562 in 23069. There is 1 zips within Hanover, VA. 23069 has 14 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.20% of properties in Hanover, VA.

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      Guide for Hanover, VA

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      Market Reports|posted 1 April 2024

      Richmond’s real estate market shows consistent growth, with trends indicating increasing property values and demand.

      Steady Growth Marks Norfolk Real Estate Landscape; Property Value Reaches $315K in March 2024
      Market Reports|posted 25 March 2024

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      Chesapeake Property Values Rise 7%, Sales Dynamics Vary in Recent Analysis
      Market Reports|posted 20 March 2024

      The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.

      Virginia Beach House Values Show Impressive Uptrend: Average Value Soars from $375k to $405k in 2023
      Market Reports|posted 13 February 2024

      The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.

      Recently Listed Homes Hanover, VA

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