Is Hanover, IN 47243 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Hanover is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.2Under 4 months = seller’s market
Sold above original list13.6%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market60Listing to accepted offer
Median price per sq ft$181▲ +21.2% vs. last year

Nearby markets

Canaan 47224 — /sq ftDeputy 47230Buyer’s market $129 /sq ftDupont 47231Seller’s market $111 /sq ftLexington 47138Seller’s market $151 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology