Hanover, IN Housing Market

Homes for sale

The Hanover housing market is very competitive. The median sale price of a home in Hanover was $207K last month, up 33.2% since last year. The median sale price per square foot in Hanover is $106, down 3.6% since last year.

Trends
Demand
Migration
Schools
Climate

Hanover Housing Market Trends

What is the housing market like in Hanover today?

In May 2025, Hanover home prices were up 33.2% compared to last year, selling for a median price of $207K.

$230K

Sale Price

+24.4%
since last year

$106

Sale $/Sq. Ft.

-3.6%
since last year

Under List Price

4.6%

Days on Market

24.5

Down Payment

—

Total Homes Sold

To compare other locations to the Hanover and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Hanover add value to a home.

How hot is the Hanover housing market?

Hanover is very competitive. Homes sell in 24.5 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 5% below list price and go pending in around 25 days.
Hot homes
can sell for around list price and go pending in around 5 days.

Compare With Nearby Cities

Madison

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 22 days.
Hot homes
can sell for around list price and go pending in around 7 days.

Henryville

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 40 days.
Hot homes
can sell for around list price and go pending in around 10 days.

See more nearby cities and neighborhoods

Hanover Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Hanover that sold recently

Recently sold homes

SOLD JUN 25, 2025
$97,500 Last Sold Price
3 beds
1 bath
1,515 sq ft
205 Smith Ln, Hanover, IN 47243
List Price
$119,900
Sale to List
19% under list
Days on Market
49 days
205 Smith Ln, Hanover, IN 47243
SOLD JUN 18, 2025
$146,000 Last Sold Price
3 beds
1 bath
960 sq ft
6371 S Saluda Paynesville Rd, Hanover, IN 47243
List Price
$150,000
Sale to List
3% under list
Days on Market
88 days
6371 S Saluda Paynesville Rd, Hanover, IN 47243
SOLD JUN 16, 2025
$230,000 Last Sold Price
3 beds
2 baths
1,429 sq ft
132 Maple St, Hanover, IN 47243
List Price
$239,900
Sale to List
4% under list
Days on Market
80 days
132 Maple St, Hanover, IN 47243
SOLD JUN 16, 2025
$675,000 Last Sold Price
4 beds
4 baths
4,625 sq ft
1311 S Riverview Dr, Hanover, IN 47243
List Price
$799,000
Sale to List
16% under list
Days on Market
73 days
1311 S Riverview Dr, Hanover, IN 47243
SOLD JUN 13, 2025
$263,000 Last Sold Price
3 beds
2 baths
1,828 sq ft
191 S Birch St, Hanover, IN 47243
List Price
$274,900
Sale to List
4% under list
Days on Market
93 days
191 S Birch St, Hanover, IN 47243
SOLD JUN 6, 2025
$385,000 Last Sold Price
3 beds
2 baths
1,725 sq ft
145 W Greene Ct, Hanover, IN 47243
List Price
$389,900
Sale to List
1% under list
Days on Market
71 days
145 W Greene Ct, Hanover, IN 47243
SOLD JUN 3, 2025
$294,900 Last Sold Price
3 beds
2.5 baths
2,778 sq ft
910 S Goldenrod Ln, Hanover, IN 47243
List Price
$299,900
Sale to List
2% under list
Days on Market
48 days
910 S Goldenrod Ln, Hanover, IN 47243
SOLD MAY 30, 2025
$229,900 Last Sold Price
3 beds
1.5 baths
1,150 sq ft
213 W Main St, Hanover, IN 47243
List Price
$229,900
Sale to List
0% over list
Days on Market
64 days
213 W Main St, Hanover, IN 47243
See all recently sold homes in Hanover.
See listings

Schools in Hanover

Learn about schools in the Hanover area

Elementary
Middle
High

GreatSchools Rating

5/10

Southwestern Elementary School

Public • PreK-5

641

Students

1 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Hanover housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Hanover.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

93% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Hanover

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