Hanover housing market, October 2025
Past report · Minneapolis Area REALTORS® Local Market Update · current as of November 7, 2025. See the newest report (September 2026)
- Median sale price$420K−6.5% vs. October 2024
- Homes sold7+133.3% vs. October 2024
- Days on market131October 2025
- Months of supply3.8end of October 2025
The short version
Hanover in October 2025
In October 2025, 7 homes sold in Hanover, against 3 in October 2024.
The median sale price was $420,000, down 6.5% from a year earlier, and homes spent 131 days on market, with sellers receiving 99.8% of their original list price.
The month ended with 26 homes for sale, 3.8 months of supply (a seller’s market by the usual measure).
Over the 12 months through October 2025, the median was $448,950 (down 0.2%) across 86 sales.
Only 7 homes sold here in October 2025, so this month's numbers can swing a lot. The 12-month figures are steadier.
Single months can swing when few homes sell.
Show as a table
| Year | Median price |
|---|---|
| Oct 2024 | $449,000 |
| Nov 2024 | $428,902 |
| Dec 2024 | $448,450 |
| Jan 2025 | $447,400 |
| Feb 2025 | $471,250 |
| Mar 2025 | $478,065 |
| Apr 2025 | $425,000 |
| May 2025 | $422,500 |
| Jun 2025 | $475,000 |
| Jul 2025 | $447,500 |
| Aug 2025 | $567,450 |
| Sep 2025 | $446,000 |
| Oct 2025 | $420,000 |
All the numbers
Hanover, October 2025 vs. October 2024
| October 2025 | 12 months through October 2025 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | $449,000 | $420,000 | −6.5% | $449,900 | $448,950 | −0.2% |
| Average sale price | $441,333 | $488,193 | +10.6% | $484,092 | $475,507 | −1.8% |
| Price per square foot | $192 | $203 | +5.7% | $206 | $209 | +1.5% |
| Closed sales | 3 | 7 | +133.3% | 67 | 86 | +28.4% |
| New listings | 13 | 10 | −23.1% | 194 | 175 | −9.8% |
| Days on market | 12 | 131 | +991.7% | 66 | 94 | +42.4% |
| % of original list price received | 102.6% | 99.8% | −2.7% | 99.8% | 98.1% | −1.7% |
| Homes for sale (end of month) | 47 | 26 | −44.7% | — | — | — |
| Months of supply | 8.3 | 3.8 | −54.2% | — | — | — |
| Twin Cities region, median price | $381,950 | $389,900 | +2.1% | $376,000 | $390,000 | +3.7% |
Source: Minneapolis Area REALTORS® Local Market Update, Hanover, October 2025. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of November 7, 2025. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Hanover in October 2025: questions
What was the median home price in Hanover, MN in October 2025?
$420,000, from 7 sales (down 6.5% from October 2024), according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data). With so few sales, a single month can swing a lot; the 12-month median was $448,950.
How many homes sold in Hanover, MN in October 2025?
7, against 3 in October 2024. 10 new listings came on the market that month.
Was Hanover a buyer's or seller's market in October 2025?
Hanover ended October 2025 with 3.8 months of supply (26 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.