#1930428, Jan Plantrich, Listing Office: Bayside Real Estate
Hanover Township Housing Market Report January 2025•Wexford County, Michigan
Housing Prices in Hanover Township, MI
How much do homes in Hanover Township, MI cost?
Housing Market Conditions
Is Hanover Township, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Hanover Township is a Neutral Market
Difference Since January 2024
At the same time last year, Hanover Township was a Seller's Market.
Hanover Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Hanover Township have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Hanover Township was $315,000 in January 2025, up 18.9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $17K | $330K | +1841.2% |
22 Bedrooms | $150.2K | $192.4K | +28.1% |
33 Bedrooms | $246.5K | $290K | +17.6% |
44 Bedrooms | $380.7K | $375K | -1.5% |
55+ Bedrooms | $330K | $427.4K | +29.5% |
Summary: Hanover Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +1841.2%. The home price for 2 bedroom homes increased by +28.1%. The home price for 3 bedroom homes increased by +17.6%. The home price for 4 bedroom homes decreased by -1.5%. The home price for 5 bedroom homes increased by +29.5%.
Housing supply in Hanover Township, MI
How many homes are available in Hanover Township, MI?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
13Last MonthJan 2025 | ||
112 months agoDec 2024 | +18.2 % Change MoMDec – Jan |
Summary: The Hanover Township real estate market had 13 homes for sale in Jan 2025, a 18.2 % increase compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
2Last MonthJan 2025 | ||
42 months agoDec 2024 | -50.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 3 | 3 | 0.0% |
33 Bedrooms | 5 | 7 | +40.0% |
44 Bedrooms | 2 | 2 | 0.0% |
55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Hanover Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +40.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Hanover Township, MI cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price1 Home
If you're buying a home in Hanover Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hanover Township in January 2025, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.
Days on Market for Hanover Township, MI
How long does it take to sell a home in Hanover Township, MI?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Many homes in Hanover Township are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 2 homes were sold in Hanover Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
3 DaysThis YearJan 2025 | ||
14 Days1 year agoJan 2024 | -75.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Hanover Township had an average listing age of 3 days in Jan 2025, down by 75.0% compared to the previous year.
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Newest Listings in Hanover Township, MI
What homes are available in Hanover Township, MI?
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MLS Disclaimers and Copyright
Based on information from Northern Great Lakes Realtors MLS, Michigan Regional Information Center LLC, and Water Wonderland MLS Inc. for the period 02/01/2023 - 02/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/12/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/12/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.