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HANOVER, NM 88041

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

Market Analysis

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

The HANOVER, NM real estate market (88041) currently shows 4 active listings, with 1 pending sales. Homes are averaging 82 days on the market before going under contract.

Whether you are buying or selling in HANOVER, NM, 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: 1,423  ·  Density: 1.3/mi²  ·  Median household income: $33,733

Typical home value: $178,273  ·  Homeownership: 87.7%

Market Overview

Active Listings
4
Pending
1
25% pending ratio
Median Price
$500,000
Average Price
$699,667
Days on Market
82

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

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 56.9 miles — 164 listings ($45,493,599 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
88041Hanover, NM 880410.0 mi4$2,798,668$500,000$699,667
88026Santa Clara, NM 8802615.3 mi7$849,625$124,125$121,375
88043Hurley, NM 8804317.4 mi11$1,614,558$165,000$146,778
88053Pinos Altos, NM 8805320.0 mi2$2,349,000$1,174,500$1,174,500
88065Tyrone, NM 8806524.1 mi5$1,155,000$237,000$231,000
87930Arrey, NM 8793032.8 mi1$365,000$365,000$365,000
87942Williamsburg, NM 8794234.5 mi5$1,494,000$299,000$298,800
87936Garfield, NM 8793636.9 mi1$125,000$125,000$125,000
88030Deming, NM 8803042.2 mi116$31,021,068$225,000$267,423
88028Cliff, NM 8802846.8 mi1$395,000$395,000$395,000
88054Radium Springs, NM 8805448.9 mi1$550,000$550,000$550,000
88025Buckhorn, NM 8802552.5 mi2$865,000$432,500$432,500
88045Lordsburg, NM 8804556.9 mi8$1,911,680$139,900$238,960

Frequently Asked Questions

How many homes are for sale in HANOVER, NM 88041?

As of February 2026, there are 4 active listings in HANOVER, NM (zip code 88041).

What is the median home price in HANOVER, NM 88041?

The median listing price in HANOVER, NM 88041 is $500,000 as of February 2026.

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

Homes in HANOVER, NM 88041 spend an average of 82 days on the market before going under contract.

Is it a seller's or buyer's market in HANOVER, NM 88041?

Based on current inventory and days-on-market data as of February 2026, HANOVER, NM 88041 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in HANOVER, NM 88041 save an estimated $10,000 compared to a typical 5% commission on the median listing price of $500,000. 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.