Hanover County, VA Home Values & Market Trends
The median home price in Hanover County, VA is $400,396.51. There were 2,163 home sales in Hanover County, VA over the past 12 months. The median residential Hanover County, VA home value for transactions over the previous year is $395,649.34. The number of current listings in Hanover County, VA is 228, and the percentage of properties for sale is 228.00%. The county has 18 foreclosures, 1 bank owned properties, 17 headed for auction, and 228 properties for sale.
Hanover County, VA Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Mechanicsville | $ 409,399 $ 194/sqft | Doswell | $ 499,000 $ 201/sqft |
Ashland | $ 549,900 $ 238/sqft | Hanover | $ 174,950 $ 165/sqft |
Montpelier | $ 171,500 $ 192/sqft | Rockville | $ 222,700 $ 60/sqft |
Beaverdam | $ 348,943 $ 214/sqft |
Housing Market Summary for Hanover County, VA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $470K | $411.6K | -12.43% |
Median Sold Price | $346.4K | $411.6K | 18.81% |
Homes For Sale | 224 | 209 | -6.70% |
Homes Sold | 1,197 | 1,292 | 7.94% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Hanover County, VA
Browse Homes in Hanover County, VA
Hanover County, VA home values range from $23,494 to $7,344,005. Rockville is the priciest city with a median listing home price of $1,240,000, and Hanover is most affordable with average house prices of around $174,950.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Hanover County, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 7 cities within Hanover County, VA; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Hanover County, VA ranges from the highest value of $362,651 in Ashland to the lowest value of $362,651 in Ashland. Bank owned homes and properties account for 0.00% of properties in Hanover County, VA. There are 7 cities within Hanover County, VA; Ashland containing 1 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMechanicsville has 12 auction properties, the highest number of properties going to auction in a single city in the state of Hanover County, VA. Auction homes and other auction properties account for 0.04% of all properties in Hanover County, VA. There are 7 cities within Hanover County, VA; of those cities, the median estimated home value for homes going to auction ranges from $777,892 in Hanover to the lowest value of $250,535 in Hanover.
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More Real Estate Resources for Hanover County, VA
Guide for Hanover County, VA
The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.
The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.
Virginia Foreclosure Laws
Learn how to secure a house mortgage even with a low credit score.