Is Hanover, MI 49241 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Hanover is a seller’s market. With about 2.7 months of supply and 14% 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 supply2.7Under 4 months = seller’s market

Sold above original list14.3%Share of sales, last 3 months

Median sale-to-list96.7%Sold price ÷ list price

Median days on market83Listing to accepted offer

Median price per sq ft$180▲ +11.9% vs. last year

Run the numbers for 49241

Prefilled for 49241Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49241Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brooklyn 49230Seller’s market $183 /sq ft Cement City 49233Seller’s market $196 /sq ft Clarklake 49234Balanced $355 /sq ft Concord 49237Seller’s market $139 /sq ft Browse all markets →

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More tools for 49241

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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