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| APRIL 2025 | |||
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| Units Sold 105 |
Active Inventory 311 |
Median Sale Price $460,000 |
Days On Market 28 |
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| Up 21% Vs. Year Ago |
Down -6% Vs. Year Ago |
No Change Vs. Year Ago |
Down -7% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 105 sold this month in Hanover County Real Estate versus 100 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 21% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 6%. The total number of active inventory this April was 311 compared to 331 in April 2024. This month's total of 311 is higher than the previous month's total supply of available inventory of 267, an increase of 16%. |
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Median Sale Price
Last April, the median sale price for Hanover County Homes was $459,900. This April, the median sale price was $460,000, which is similar compared to a year ago. The current median sold price is 2% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 199 |
Current Contracts 130 |
Sold Vs. List Price 101.3% |
Months of Supply 3.0 |
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| Up 12% Vs. Year Ago |
Up 6% Vs. Year Ago |
No Change Vs. Year Ago |
Down -22% Vs. Year Ago |
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Months of Supply
In April, there was 3.0 months of supply available in Hanover County, compared to 3.8 in April 2024. That is a decrease of 22% 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. |
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New Listings & Current Contracts
This month there were 199 homes newly listed for sale in Hanover County compared to 178 in April 2024, an increase of 12%. There were 130 current contracts pending sale this April compared to 123 a year ago. The number of current contracts is 6% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Hanover County was 101.3% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 30, a decrease of 7%. | |||
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| *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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc. |
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