Is Hanover, VA 23069 a buyer’s or seller’s market?
Hanover is a seller’s market. With about 1.3 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.3Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list98.8%Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft$274▲ +8.1% vs. last year
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Nearby markets
Ashland 23005Seller’s market $256 /sq ftBeaverdam 23015Seller’s market $257 /sq ftDoswell 23047Buyer’s market $226 /sq ftGlen Allen 23059Seller’s market $238 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology