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Is Hanover, MN 55341 a buyer’s or seller’s market?

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

Hanover is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score65/ 100

More competitive than 68% of U.S. ZIP codes, and #172 of 296 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply5.3Under 4 months = seller’s market
Sold above original list34.8%Share of sales, last 3 months
Median sale-to-list100.2%Sold price ÷ list price
Median days on market19Listing to accepted offer
Median price per sq ft$195▼ −1.6% vs. last year

Run the numbers for 55341

Prefilled for 55341Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55341Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Albertville 55301Seller’s market $185 /sq ftAnnandale 55302Seller’s market $230 /sq ftBuffalo 55313Seller’s market $185 /sq ftCokato 55321Balanced $164 /sq ft Browse all markets →

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