Hanover, IN Housing Market

Homes for sale

The Hanover housing market is very competitive. The median sale price of a home in Hanover was $155K last month, up 34.8% since last year. The median sale price per square foot in Hanover is $105, up 1.0% since last year.

Trends
Demand
Migration
Schools
Climate

Hanover Housing Market Trends

What is the housing market like in Hanover today?

In December 2024, Hanover home prices were up 34.8% compared to last year, selling for a median price of $155K.

$155K

Sale Price

+34.8%
since last year

$105

Sale $/Sq. Ft.

+1.0%
since last year

Under List Price

3.2%

Days on Market

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 23 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 23 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 4% below list price and go pending in around 27 days.
Hot homes
can sell for around list price and go pending in around 7 days.

Charlestown

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 55 days.
Hot homes
can sell for around list price and go pending in around 30 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 JAN 14, 2025
$125,000 Last Sold Price
3 beds
1 bath
1,000 sq ft
116 W First St, Hanover, IN 47243
List Price
$125,000
Sale to List
0% over list
Days on Market
0 days
116 W First St, Hanover, IN 47243
SOLD JAN 8, 2025
$97,000 Last Sold Price
3 beds
1 bath
1,025 sq ft
237 Sharp St, Hanover, IN 47243
List Price
$129,900
Sale to List
25% under list
Days on Market
68 days
237 Sharp St, Hanover, IN 47243
SOLD JAN 6, 2025
$409,900 Last Sold Price
3 beds
2 baths
1,875 sq ft
150 W Greene Ct, Hanover, IN 47243
List Price
$409,900
Sale to List
0% over list
Days on Market
47 days
150 W Greene Ct, Hanover, IN 47243
SOLD DEC 30, 2024
$79,000 Last Sold Price
2 beds
1 bath
672 sq ft
3990 West 10 Cent Rd, Hanover, IN 47243
List Price
$99,900
Sale to List
21% under list
Days on Market
96 days
3990 West 10 Cent Rd, Hanover, IN 47243
SOLD DEC 27, 2024
$185,000 Last Sold Price
3 beds
2 baths
1,210 sq ft
139 Parkside Dr, Hanover, IN 47243
List Price
$189,900
Sale to List
3% under list
Days on Market
114 days
139 Parkside Dr, Hanover, IN 47243
SOLD DEC 23, 2024
$198,000 Last Sold Price
2 beds
1 bath
1,322 sq ft
3746 S SR 62, Hanover, IN 47243
EXP Realty LLC
List Price
$219,000
Sale to List
10% under list
Days on Market
223 days
3746 S SR 62, Hanover, IN 47243
SOLD DEC 20, 2024
$28,000 Last Sold Price
—beds
—baths
—sq ft
63 S West Paine St, Hanover, IN 47243
List Price
$33,500
Sale to List
16% under list
Days on Market
283 days
63 S West Paine St, Hanover, IN 47243
SOLD DEC 20, 2024
$125,000 Last Sold Price
2 beds
1 bath
1,584 sq ft
350 W Lagrange Rd, Hanover, IN 47243
List Price
$124,900
Sale to List
0% over list
Days on Market
25 days
350 W Lagrange Rd, 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

647

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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