Market report, updated

Hanover Home Values and Market Report

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Report prepared by Rosietherealtormi.com Khoury Real Estate LLC.

Market at a glance

Over the last 12 months, homes sold for 97.4% of list price in 63 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $220K Sold · $220K
$580K$410K$240K$70K
OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

Peak: 5 sales in Nov. Last month: 0.

Where the market stands

All homes in this report, by status.

35homes
Active9 · 26%
Under contract2 · 6%
Sold (12 mo)24 · 69%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.5months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$332K
Under contract$265K
Sold$289K

Average days on market

Active73 days
Under contract86 days
Sold63 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 9
Average list price $331,944
Avg. days on market 73 days
Avg. price per ft² $181 Based on 7 of 9 homes
Avg. living area 1,943 ft² Based on 7 of 9 homes
Avg. beds / baths 3.7 / 2.0

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

2 homes didn’t report living area and aren’t shown.

$900K$600K$300K$0

Price vs. living area: 7 homes plotted, up to $900K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

2 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

12001 Strait Road$304
8129 Folks Road$215
10470 Watson Road$196
12501 Moscow Road$183
7997 Folks Road$158
101 N Jackson Street$133
10025 Pulaski Road$79

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
12001 Strait RoadHanover, MI 49241 432,361$719,000$30442 days
12501 Moscow RoadHanover, MI 49241 322,337$429,900$18320 days
10470 Watson RoadHanover, MI 49241 321,980$389,900$19611 days
8129 Folks RoadHanover, MI 49241 331,712$368,900$21512 days
7997 Folks RoadHanover, MI 49241 522,020$320,000$15821 days
VL Hubbard RoadHanover, MI 49241 ———$275,000—166 days
101 N Jackson StreetHanover, MI 49241 411,500$199,900$133131 days
9959 Pulaski RoadHanover, MI 49241 ———$149,998—225 days
10025 Pulaski RoadHanover, MI 49241 411,695$134,900$7925 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

Rosietherealtormi.com Khoury Real Estate LLC.

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