HANOVER, SPRING GROVE, AND GLENVILLE HOUSING MARKET DATA

There was a decrease in total units sold in August, with 99 sold this month in Hanover, Spring Grove, and Glenville Real Estate versus 103 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 1% versus August 2024.

Versus last year, the total number of homes available this month is higher by 37 units or 19%. The total number of active inventory this August was 233 compared to 196 in August 2024. This month's total of 233 is lower than the previous month's total supply of available inventory of 239, a decrease of 3%.

Last August, the median sale price for Hanover, Spring Grove, and Glenville Homes was $304,500. This August, the median sale price was $320,000, an increase of 5% or $15,500 compared to last year. The current median sold price is 1% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 2.4 months of supply available in Hanover, Spring Grove, and Glenville, compared to 2.0 in August 2024. That is an increase of 18% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 147 homes newly listed for sale in Hanover, Spring Grove, and Glenville compared to 106 in August 2024, an increase of 39%. There were 120 current contracts pending sale this August compared to 91 a year ago. The number of current contracts is 32% higher than last August.

In August, the average sale price in Hanover, Spring Grove, and Glenville was 99.1% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 24, lower than the average last year, which was 27, a decrease of 11%.





FOCUS ON: HANOVER, SPRING GROVE, AND GLENVILLE HOUSING MARKET			AUGUST 2025

Zip Code(s): 17331, 17362, 17329 and 17311
Units Sold 99	Active Inventory 233	Median Sale Price $320,000	Days On Market 24

Up 1% Vs. Year Ago	Up 19% Vs. Year Ago	Up 5% Vs. Year Ago	Down -11% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 99 sold this month in Hanover, Spring Grove, and Glenville Real Estate versus 103 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 1% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 37 units or 19%. The total number of active inventory this August was 233 compared to 196 in August 2024. This month's total of 233 is lower than the previous month's total supply of available inventory of 239, a decrease of 3%.
		Median Sale Price Last August, the median sale price for Hanover, Spring Grove, and Glenville Homes was $304,500. This August, the median sale price was $320,000, an increase of 5% or $15,500 compared to last year. The current median sold price is 1% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 147	Current Contracts 120	Sold Vs. List Price 99.1%	Months of Supply 2.4

Up 39% Vs. Year Ago	Up 32% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 18% Vs. Year Ago


		Months of Supply In August, there was 2.4 months of supply available in Hanover, Spring Grove, and Glenville, compared to 2.0 in August 2024. That is an increase of 18% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 147 homes newly listed for sale in Hanover, Spring Grove, and Glenville compared to 106 in August 2024, an increase of 39%. There were 120 current contracts pending sale this August compared to 91 a year ago. The number of current contracts is 32% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Hanover, Spring Grove, and Glenville was 99.1% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 24, lower than the average last year, which was 27, a decrease of 11%.


	Hanover, Spring Grove, and Glenville are defined as properties listed in zip code/s 17331, 17362, 17329 and 17311.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.