HANOVER, SPRING GROVE, AND GLENVILLE HOUSING MARKET DATA

There was an increase in total units sold in May, with 105 sold this month in Hanover, Spring Grove, and Glenville Real Estate versus 83 last month, an increase of 27%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.

Versus last year, the total number of homes available this month is lower by 10 units or 5%. The total number of active inventory this May was 172 compared to 182 in May 2024. This month's total of 172 is higher than the previous month's total supply of available inventory of 167, an increase of 3%.

Last May, the median sale price for Hanover, Spring Grove, and Glenville Homes was $295,000. This May, the median sale price was $305,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 9% higher than in April.

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

In May, there was 1.6 months of supply available in Hanover, Spring Grove, and Glenville. The amount of supply is similar compared to 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 138 homes newly listed for sale in Hanover, Spring Grove, and Glenville compared to 133 in May 2024, an increase of 4%. There were 95 current contracts pending sale this May compared to 101 a year ago. The number of current contracts is 6% lower than last May.

In May, the average sale price in Hanover, Spring Grove, and Glenville was 100.5% 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 31, lower than the average last year, which was 32, a decrease of 3%.





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

Zip Code(s): 17331, 17362, 17329 and 17311
Units Sold 105	Active Inventory 172	Median Sale Price $305,000	Days On Market 31

Down -6% Vs. Year Ago	Down -5% Vs. Year Ago	Up 3% Vs. Year Ago	Down -3% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 105 sold this month in Hanover, Spring Grove, and Glenville Real Estate versus 83 last month, an increase of 27%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 5%. The total number of active inventory this May was 172 compared to 182 in May 2024. This month's total of 172 is higher than the previous month's total supply of available inventory of 167, an increase of 3%.
		Median Sale Price Last May, the median sale price for Hanover, Spring Grove, and Glenville Homes was $295,000. This May, the median sale price was $305,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 9% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 138	Current Contracts 95	Sold Vs. List Price 100.5%	Months of Supply 1.6

Up 4% Vs. Year Ago	Down -6% Vs. Year Ago	Down -0.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.6 months of supply available in Hanover, Spring Grove, and Glenville. The amount of supply is similar compared to 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 138 homes newly listed for sale in Hanover, Spring Grove, and Glenville compared to 133 in May 2024, an increase of 4%. There were 95 current contracts pending sale this May compared to 101 a year ago. The number of current contracts is 6% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Hanover, Spring Grove, and Glenville was 100.5% 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 31, lower than the average last year, which was 32, a decrease of 3%.


	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.