Hanover housing market, January 2026
Past report · Minneapolis Area REALTORS® Local Market Update · current as of February 6, 2026. See the newest report (September 2026)
- Median sale price$392K−12.4% vs. January 2025
- Homes sold2−75.0% vs. January 2025
- Days on market40January 2026
- Months of supply4.7end of January 2026
The short version
Hanover in January 2026
In January 2026, 2 homes sold in Hanover, against 8 in January 2025.
The median sale price was $391,950, down 12.4% from a year earlier, and homes spent 40 days on market, with sellers receiving 95.6% of their original list price.
The month ended with 30 homes for sale, 4.7 months of supply.
Over the 12 months through January 2026, the median was $448,950 (down 0.9%) across 74 sales.
Only 2 homes sold here in January 2026, 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 |
| Dec 2025 | $450,000 |
| Jan 2026 | $391,950 |
All the numbers
Hanover, January 2026 vs. January 2025
| January 2026 | 12 months through January 2026 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | $447,400 | $391,950 | −12.4% | $453,000 | $448,950 | −0.9% |
| Average sale price | $443,650 | $391,950 | −11.7% | $482,130 | $480,811 | −0.3% |
| Price per square foot | $203 | $178 | −12.3% | $210 | $210 | 0.0% |
| Closed sales | 8 | 2 | −75.0% | 75 | 74 | −1.3% |
| New listings | 23 | 14 | −39.1% | 215 | 159 | −26.0% |
| Days on market | 80 | 40 | −50.0% | 77 | 97 | +26.0% |
| % of original list price received | 97% | 95.6% | −1.4% | 99% | 98.2% | −0.8% |
| Homes for sale (end of month) | 37 | 30 | −18.9% | — | — | — |
| Months of supply | 6.1 | 4.7 | −23.0% | — | — | — |
| Twin Cities region, median price | $370,000 | $375,000 | +1.4% | $380,000 | $390,000 | +2.6% |
Source: Minneapolis Area REALTORS® Local Market Update, Hanover, January 2026. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of February 6, 2026. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Hanover in January 2026: questions
What was the median home price in Hanover, MN in January 2026?
$391,950, from 2 sales (down 12.4% from January 2025), 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 January 2026?
2, against 8 in January 2025. 14 new listings came on the market that month.
Was Hanover a buyer's or seller's market in January 2026?
Hanover ended January 2026 with 4.7 months of supply (30 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.