All Home Types
Hanover Park, IL Housing Market
What is the housing market like in Hanover Park today?
In May 2025, Hanover Park home prices were up 4.7% compared to last year, selling for a median price of $335K. On average, homes in Hanover Park sell after 39 days on the market compared to 43 days last year. There were 28 homes sold in May this year, down from 31 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$335,000
+4.7% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Hanover Park, IL
$335,000
+4.7%
United States
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Hanover Park Migration & Relocation Trends
In Feb '25 - Apr '25, 16% of Hanover Park homebuyers searched to move out of Hanover Park, while 84% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Hanover Park from outside metros.
- Peoria homebuyers searched to move into Hanover Park more than any other metro followed by Rockford and New York.
Where are people moving to Hanover Park from?
- 84% of Hanover Park homebuyers searched to stay within the Hanover Park metropolitan area.
- Cape Coral was the most popular destination among Hanover Park homebuyers followed by Phoenix and Sarasota.
Where are people from Hanover Park moving to?
Number of People Moving to Hanover Park
least
most
People are moving to Hanover Park from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 1,034 | ||
| 2 | 992 | ||
| 3 | 916 | ||
| 4 | 738 | ||
| 5 | 732 | ||
| 6 | 452 | ||
| 7 | 447 | ||
| 8 | 431 | ||
| 9 | 290 | ||
| 10 | 249 | ||
People are leaving Hanover Park for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 1,949 | ||
| 2 | 1,618 | ||
| 3 | 1,171 | ||
| 4 | 1,145 | ||
| 5 | 1,076 | ||
| 6 | 1,038 | ||
| 7 | 1,016 | ||
| 8 | 1,005 | ||
| 9 | 922 | ||
| 10 | 785 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Hanover Park.
Provided by First Street Foundation
Transportation in Hanover Park
Learn about the walkability, bikeability, and transit-friendliness of Hanover Park
Car-Dependent
Walk Score®
Bikeable
Bike Score®
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