HanoverHousing market

Hanover

Hanover Housing Market Report

Strong Buyer's Market

All types - for the month of April

Buyer's market Seller's market

9

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

62

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

52 active

New

20(-16.67% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 44, in 2023: 8, in 2022: 1

Total Sold Listings*

6 sold

Median Sold Price

$587,000

Avg Days on Market

62 days

Median Bidding

-$16,150

Compared to number of sold, same period, in 2024: 8, in 2023: 9, in 2022: 12

*Data is for the month of April

Median Sold Price vs Average Days and Average Total Days on Market - Hanover - All types

Sold vs Active vs New vs Relisted - Hanover - All types

Sold Price Distribution - Hanover - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Hanover - All types

Property type distribution based on data from the last 3 months.

Median Price - Hanover - All types

Just listed - Hanover

Home with brick exterior material, street for 107 12th Ave, Hanover Ontario N4N 3T9

3 hours on market

107 12th Ave, Hanover

Detached3+131500-2000 sq ft

Listed by Louis Whaling Real Estate Broker Inc.

Home with brick exterior material, street for 258 8th St, Hanover Ontario N4N 1J7

Re-listed 5 hours ago

$•••,•••

258 8th St, Hanover

Semi-Detached321100-1500 sq ft

Listed by eXp Realty

Home with brick exterior material, street for 311 12th St, Hanover Ontario N4N 1V5

22 hours on market

311 12th St, Hanover

Detached321500-2000 sq ft

Listed by Royal LePage RCR Realty

Home with brick exterior material, street for 853 22ND Avenue A N/A, Hanover Ontario N4N 0C5

Re-listed 1 day ago

$•••,•••

853 22ND Avenue A N/A, Hanover

Semi-Detached2+131100-1500 sq ft

Listed by Keller Williams Realty Centres

Home with vinyl exterior material, street for 265 4TH STREET Cres, Hanover Ontario N4N 3S9

2 days on market

265 4TH STREET Cres, Hanover

Detached532000-2500 sq ft

Listed by Keller Williams Realty Centres

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 570 10th. St, Hanover Ontario N4N 1R7

2 days on market

570 10th. St, Hanover

Detached422000-2500 sq ft

Listed by Wilfred McIntee & Co Limited

Home with vinyl exterior material, street for 82 7th St, Hanover Ontario N4N 1G4

3 days on market

82 7th St, Hanover

Detached311100-1500 sq ft

Listed by Royal LePage RCR Realty

Home with brick exterior material, unknown for 636 22nd Ave, Hanover Ontario N4N 3W7

5 days on market

636 22nd Ave, Hanover

Detached321100-1500 sq ft

Listed by Coldwell Banker Peter Benninger Realty

Home with vinyl exterior material, street for 142 7th St, Hanover Ontario N4N 1G4

6 days on market

142 7th St, Hanover

Detached321100-1500 sq ft

Listed by RE/MAX Summit Group Realty Brokerage

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 268 6th St, Hanover Ontario N4N 1C4

Sold cond. - Escape clause

268 6th St, Hanover

Detached22700-1100 sq ft

Listed by Coldwell Banker WIN Realty

Just sold - Hanover

Home with brick exterior material, street for 403 3rd St, Hanover Ontario N4N 1B4

Sold 19 hours ago

Sold for $860,000

$10K below asking

403 3rd St, Hanover

Detached2+131500-2000 sq ft

Listed by Louis Whaling Real Estate Broker Inc.

Unknown for 523 19th Ave, Hanover Ontario N4N 3G4

Sold for $492,000

$28K below asking

523 19th Ave, Hanover

Detached32700-1100 sq ft

Listed by Royal LePage Exchange Realty Co.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, water/lake/river/ocean view for 73615 10th Sdrd, West Grey Ontario N4N 3B9

Sold 11 days ago

Sold for $750,000

$30K below asking

73615 10th Sdrd, West Grey

Detached311100-1500 sq ft

Listed by eXp Realty

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 676 23RD Ave, Hanover Ontario N4N 3X4

Sold 21 days ago

Sold for $585,000

$15K below asking

676 23RD Ave, Hanover

Detached3+131100-1500 sq ft

Listed by eXp Realty

Unknown for 821 22ND Avenue A, N/A, Hanover Ontario N4N 0C5

Sold 27 days ago

Sold for $580,000

$10K below asking

821 22ND Avenue A, N/A, Hanover

Semi-Detached2+131100-1500 sq ft

Listed by Keller Williams Realty Centres

Home with brick exterior material, street for 847 17th St, Hanover Ontario N4N 0B7

Sold 32 days ago

Sold for $795,000

$33K below asking

847 17th St, Hanover

Detached22- sq ft

Listed by Wilfred McIntee & Co Limited

Frontside or backside of a home, the street view for 845 22ND Avenue A, N/A, Hanover Ontario N4N 0C5

Sold 33 days ago

Sold for $589,000

845 22ND Avenue A, N/A, Hanover

Semi-Detached2+131100-1500 sq ft

Listed by KELLER WILLIAMS REALTY CENTRES, BROKERAGE (HANOVER)

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 170 11th Ave, Hanover Ontario N4N 2R1

Sold 36 days ago

Sold for $502,500

$17K below asking

170 11th Ave, Hanover

Detached321100-1500 sq ft

Listed by eXp Realty

Home with brick exterior material, street for 730 18TH St, Hanover Ontario N4N 0C5

Sold 37 days ago

Sold for $590,000

$10K above asking

730 18TH St, Hanover

Townhouse2+131100-1500 sq ft

Listed by Keller Williams Realty Centres

A pic of a room for 440 9TH St, Hanover Ontario N4N 1L9

Sold 40 days ago

Sold for $425,000

$15K below asking

440 9TH St, Hanover

Detached3+121100-1500 sq ft

Listed by ROYAL LEPAGE RCR REALTY

Population and Demographics

Overview

Total population 6794

Average household income $100,284

Age (%)

65 and plus

28%

0 to 19

20%

50 to 64

20%

20 to 34

16%

35 to 49

16%

Household composition (%)

Single family

61%

Single person

36%

Multi person

4%

Multi family

0%

Mother tongue (%)

English

97%

Others

2%

German

1%

House tenancy (%)

Owners

63%

Renters

37%

Top 4 Schools in Hanover

Dawnview Public School149 12th Ave, N4N 2S8, Hanover, ON

5.9/10

Public•JK-6

Holy Family Separate School334 10th Ave, N4N 2N5, Hanover, ON

5.2/10

Public•JK-8

Hanover Heights Community School524 13th St, N4N 1Y4, Hanover, ON

5.1/10

Public•JK-8

John Diefenbaker Senior School201 18Th Ave, N4N 3S5, Hanover, ON

3.2/10

Public•9-12

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

3/5

At least one grocery store within a 15-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance