Monday, December 3, 2012

Real Estate Market Report for November 2012

Hanover MA Market Report For November 2012

There are currently 60 homes on the market in Hanover, MA. 

• 11 of these homes are currently under agreement (3 of the homes under agreement are bank owned).
• 3 of these homes are bank owned.
• 9 of the homes are listed as short sales.

In November of 2012, 10 homes were sold in Hanover. 

• None of the homes sold were bank owned.
• None of the homes sold were short sales.
• These homes were on the market for an average of 158 days, with the shortest being 32 days and the longest being 340 days.
• They sold for approximately $188 per square foot.
• The list to sales price ratio of these homes was 95%. 
The average list price is 433,150. 
The average prices of homes sold in Hanover in November is  $412,750

How is the real estate market like in Hanover, MA?

The absorption rate for single family homes in Hanover MA is 5.5.
The absorption rate indicates how many months it would take for the currently inventory of homes to be sold.
This means that it would take an average of 5.5 months to sell all of the properties that are currently on the market, assuming that no new properties were to come on the market.
An absorption rate anywhere between 5- 6 months means that it is a balanced market!
This means that if you were holding out to sell your home that now is a good time to start preparing to go on the market.

Thinking about selling your Hanover home?

If you own a home in Hanover and you are thinking about putting it on the market, you can get your home listed and sold within the coming month, if your property is within the top 18% of homes on the market with regards to value.

This is not a hard figure to achieve! If you would like to schedule a consultation to discuss your home’s value and how we can market it to get it sold, 
please contact me on 781 929 3683 or email

Free Hanover MA Home Valuation.

Recently Sold Homes In Hanover, MA or Recent Real Estate Transaction in Hanover, MA

Here are all the single family homes that sold in Hanover, MA in the month of November.

Days on Market
List Price
Sales Price
16 Oakland Ave
2 bed Farmhouse
20 Evergreen Lane
3 bed Split
7 Estes Road 
4 bed Raised Ranch
44 Hawthorne Road 
3 bed Gambrel/Dutch
57 Heritage Way
3 bed Split Entry
248 Union Street
4 bed Ranch
1003 Broadway
4 bed Cape
29 Buena Vista Way
4 bed Farmhouse
54 Russell Road
4 bed Colonial
54 Absolom Way 
4 bed Colonial