Hanover Township Housing Market Report May 2025•Columbiana County, Ohio

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Housing Prices in Hanover Township, OH

How much do homes in Hanover Township, OH cost?

Housing Market Conditions

Is Hanover Township, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hanover Township is a Seller's Market

Difference Since April 2025

Last month, Hanover Township was a Neutral Market.

Insight

Hanover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$290,450$145/SqFt
+$200,450
+222.7%

Based on all homes sold in May 2025

Insight

Homes in Hanover Township have sold for 222.7% more than they did a month ago.

Summary: The median home sold price in Hanover Township was $290,450 in May 2025, up 222.7% from last month, and the median price per square foot was $145.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1--
N/A
2$30K$262K
+773.3%
3$195K$281.9K
+44.6%
4-$450K
N/A
5--
N/A

Summary: Hanover Township housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +773.3%. The home price for 3 bedroom homes increased by +44.6%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Hanover Township, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Hanover Township, OH

Housing supply in Hanover Township, OH

How many homes are available in Hanover Township, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
23Last MonthMay 2025
212 months agoApr 2025
+9.5 %
Change MoMApr – May

Summary: The Hanover Township real estate market had 23 homes for sale in May 2025, a 9.5 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthMay 2025
32 months agoApr 2025
+100.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
111
0.0%
2810
+25.0%
31010
0.0%
422
0.0%
500
0.0%

Summary: Hanover Township housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes remained the same. 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, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Hanover Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hanover Township in May 2025, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and and 50% were sold over asking.

Days on Market for Hanover Township, OH

How long does it take to sell a home in Hanover Township, OH?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in Hanover Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 6 homes were sold in Hanover Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
41 DaysLast MonthMay 2025
46 Days1 month agoApr 2025
-10.1 %
Change MoMApr – May

Summary: Homes in Hanover Township had an average listing age of 41 days in May 2025, down by 10.1% compared to the previous month.

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Newest Listings in Hanover Township, OH

What homes are available in Hanover Township, OH?

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MLS Disclaimers and Copyright

Based on information from MLS Now, for the period 04/01/2025 - 06/01/2025

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/18/2025, 11:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.