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HANOVER, MN 55341

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

Market Analysis

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

The HANOVER, MN real estate market (55341) currently shows 40 active listings, with 13 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 47 days on market compared to 26 days last year.

The median listing price has risen 1.9% year-over-year, from $468,650 to $477,425.

Whether you are buying or selling in HANOVER, MN, 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: 3,433  ·  Density: 273.2/mi²  ·  Median household income: $145,156

Typical home value: $396,370  ·  Homeownership: 89.9%

Market Overview

Active Listings
40
⇩ 2.4% vs 41 last year
Pending
13
33% pending ratio
Median Price
$477,425
⇧ 1.9% vs $468,650 last year
Average Price
$545,861
⇧ 5.3% vs $518,412 last year
Days on Market
47
⇧ 80.8% vs 26 days last year

Price Per Square Foot

Median $/sqft
$231
⇧ 2.7% vs $225/sqft last year
Median Home Size
2,259 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 41 last year
  • Days on market: 47 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $477,425 (+1.9% YoY)
  • Average: $545,861 (+5.3% 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 15.1 miles — 716 listings ($443,949,800 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55341Hanover, MN 553410.0 mi29$16,011,857$479,950$552,133
55374Rogers, MN 553744.0 mi116$62,411,596$494,568$538,031
55373Rockford, MN 553735.8 mi20$10,827,140$438,510$541,357
55340Hamel, MN 553407.0 mi75$89,542,125$1,000,380$1,193,895
55313Buffalo, MN 553139.3 mi62$24,496,014$399,000$395,097
55369Osseo, MN 5536910.5 mi120$69,355,680$569,900$577,964
55328Delano, MN 5532811.4 mi68$50,289,400$500,000$739,550
55356Long Lake, MN 5535611.8 mi27$47,930,724$649,900$1,775,212
55362Monticello, MN 5536213.0 mi57$24,209,097$402,198$424,721
55442Minneapolis, MN 5544213.7 mi31$14,890,230$439,800$480,330
55445Minneapolis, MN 5544513.8 mi28$7,634,200$239,900$272,650
55363Montrose, MN 5536314.8 mi30$11,059,170$396,900$368,639
55428Minneapolis, MN 5542815.1 mi53$15,292,567$305,000$288,539

Frequently Asked Questions

How many homes are for sale in HANOVER, MN 55341?

As of February 2026, there are 40 active listings in HANOVER, MN (zip code 55341), compared to 41 the prior year.

What is the median home price in HANOVER, MN 55341?

The median listing price in HANOVER, MN 55341 is $477,425 as of February 2026, a 1.9% increase from $468,650 the prior year.

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

Homes in HANOVER, MN 55341 spend an average of 47 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in HANOVER, MN 55341?

Based on current inventory and days-on-market data as of February 2026, HANOVER, MN 55341 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 47 days on market compared to 26 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HANOVER, MN 55341 save an estimated $9,549 compared to a typical 5% commission on the median listing price of $477,425. 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.