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HANOVER, PA 17331

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The HANOVER, PA real estate market (17331) currently shows 190 active listings, with 98 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 55 days on market compared to 49 days last year.

The median listing price has risen 6.5% year-over-year, from $356,368 to $379,400.

Whether you are buying or selling in HANOVER, PA, 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.

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Market Context

Market Context

Population: 54,942  ·  Density: 285.1/mi²  ·  Median household income: $73,781

Typical home value: $215,850  ·  Homeownership: 76.6%

Market Overview

Active Listings
190
⇩ 7.3% vs 205 last year
Pending
98
52% pending ratio
Median Price
$379,400
⇧ 6.5% vs $356,368 last year
Average Price
$405,097
⇧ 10.9% vs $365,338 last year
Days on Market
55
⇧ 12.2% vs 49 days last year

Price Per Square Foot

Median $/sqft
$204
⇩ 0.5% vs $205/sqft last year
Median Home Size
1,820 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 190 this year vs 205 last year
  • Days on market: 55 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $379,400 (+6.5% YoY)
  • Average: $405,097 (+10.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.8 miles — 717 listings ($307,765,145 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
17331Hanover, PA 173310.0 mi216$81,391,824$349,445$376,814
17301Abbottstown, PA 173016.9 mi12$5,982,660$369,900$498,555
17362Spring Grove, PA 173627.2 mi41$17,668,950$374,990$430,950
17350New Oxford, PA 173508.6 mi20$9,188,820$378,950$459,441
21158Westminster, MD 2115810.3 mi44$24,209,812$504,950$550,223
17327Glen Rock, PA 1732712.1 mi8$2,239,840$275,000$279,980
17360Seven Valleys, PA 1736012.7 mi15$5,353,350$343,250$356,890
17325Gettysburg, PA 1732513.3 mi92$43,293,268$468,983$470,579
21074Hampstead, MD 2107414.0 mi48$21,080,208$365,000$439,171
17407York, PA 1740715.6 mi3$929,700$309,900$309,900
17349New Freedom, PA 1734916.1 mi21$10,909,101$483,990$519,481
21157Westminster, MD 2115716.7 mi89$47,902,292$484,900$538,228
17315Dover, PA 1731516.8 mi108$37,615,320$326,900$348,290

Frequently Asked Questions

How many homes are for sale in HANOVER, PA 17331?

As of February 2026, there are 190 active listings in HANOVER, PA (zip code 17331), compared to 205 the prior year.

What is the median home price in HANOVER, PA 17331?

The median listing price in HANOVER, PA 17331 is $379,400 as of February 2026, a 6.5% increase from $356,368 the prior year.

How long do homes stay on the market in HANOVER, PA?

Homes in HANOVER, PA 17331 spend an average of 55 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in HANOVER, PA 17331?

Based on current inventory and days-on-market data as of February 2026, HANOVER, PA 17331 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 55 days on market compared to 49 days last year.

How much can I save on real estate commission in HANOVER, PA?

With SELL123.com's maximum 3% commission, sellers in HANOVER, PA 17331 save an estimated $7,588 compared to a typical 5% commission on the median listing price of $379,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.