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

CityMedian Est. ValueCityMedian 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 2023February 2024Change
Median Listing Price$470K$411.6K-12.43%
Median Sold Price$346.4K$411.6K18.81%
Homes For Sale224209-6.70%
Homes Sold1,1971,2927.94%
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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%.

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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.

Foreclosure
There are 7 cities within Hanover County, VA; within these cities, the median estimated home value for homes in foreclosure ranges from $897,431 in Montpelier to the lowest value of $250,535 in Montpelier. Foreclosure homes account for 0.00% of properties in Hanover County, VA with Mechanicsville containing 12 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    Mechanicsville 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.50% of residential properties in Hanover County, VA with Mechanicsville containing 126 homes for sale, the highest number of listed properties in a single city. There are 7 cities within Hanover County, VA; homes for sale in those cities, have a range of median values from $222,700 in Rockville to the lowest value of $57,162 in Mechanicsville.
    Sold Homes
    The median value for recently sold homes ranges from $505,094 in Hanover to the lowest price of $48,758 in Hanover. There are 7 cities within Hanover County, VA. Mechanicsville has 650 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.57% of properties in Hanover County, VA.

      Compare Nearby Cities

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      Guide for Hanover County, VA

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      Recently Listed Homes Hanover County, VA

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