Call or Text (240) SELL-123
County Overview

Hanover County, VA

Aggregate real estate market report across county ZIPs
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The Hanover County, VA real estate market currently shows 366 active listings, with 171 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has tightened compared to last year, with 35 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 54 days on market compared to 69 days last year.

The median listing price has fallen 12.4% year-over-year, from $602,463 to $527,488.

Whether you are buying or selling in Hanover County, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for Hanover County, VA and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 150,360  ·  Density: 211.0/mi²  ·  Median household income: $115,889

Typical home value: $398,512  ·  Homeownership: 81.8%

Included Areas

Mechanicsville: 23111, 23116

Slash Cottage: 23005

Beaverdam: 23015

Doswell: 23047

Glen Allen: 23059

Hanover: 23069

Montpelier: 23192

Rockville: 23146

Studley: 23162

Area Map

Market Overview

Active Listings
366
⇩ 8.7% vs 401 last year
Pending
171
47% pending ratio
Median Price
$527,488
⇩ 12.4% vs $602,463 last year
Average Price
$611,107
⇩ 6.1% vs $650,495 last year
Days on Market
54
⇩ 21.7% vs 69 days last year

Price Per Square Foot

Median $/sqft
$259
⇧ 3.2% vs $251/sqft last year
Median Home Size
2,217 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.9%
Listings with no price change
Price Reduced
0.1%
⇩ 0.6% vs 0.1% last year
Price Increased
0%
⇩ 45.1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %