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HANOVER, ME 04237

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The HANOVER, ME real estate market (04237) currently shows 6 active listings. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 56 days on market compared to 162 days last year.

The median listing price has risen 60.5% year-over-year, from $320,000 to $513,675.

Whether you are buying or selling in HANOVER, ME, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 234  ·  Density: 12.8/mi²  ·  Median household income: $32,222

Typical home value: $234,214  ·  Homeownership: 95.8%

Market Overview

Active Listings
6
⇧ 20% vs 5 last year
Pending
0
0% pending ratio
Median Price
$513,675
⇧ 60.5% vs $320,000 last year
Average Price
$523,713
⇧ 49.8% vs $349,625 last year
Days on Market
56
⇩ 65.4% vs 162 days last year

Price Per Square Foot

Median $/sqft
$272
⇧ 21.4% vs $224/sqft last year
Median Home Size
1,948 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 5 last year
  • Days on market: 56 now vs 162 last year

Median & Average Pricing

Year over Year
  • Median: $513,675 (+60.5% YoY)
  • Average: $523,713 (+49.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.0 miles — 146 listings ($80,762,816 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04237Hanover, ME 042370.0 mi3$1,869,801$514,900$623,267
04219Bryant Pond, ME 042198.9 mi6$5,247,744$681,250$874,624
04261Newry, ME 0426110.6 mi39$39,797,979$865,500$1,020,461
04257Mexico, ME 0425711.7 mi11$1,916,420$169,950$174,220
04275Roxbury, ME 0427514.0 mi5$2,298,400$371,250$459,680
04289West Paris, ME 0428915.4 mi3$554,025$184,675$184,675
04224Dixfield, ME 0422417.0 mi16$4,829,600$258,500$301,850
04268Norway, ME 0426819.5 mi16$7,557,536$387,925$472,346
04271Paris, ME 0427119.8 mi1$460,000$460,000$460,000
04281South Paris, ME 0428121.0 mi15$5,811,270$377,475$387,418
04220Buckfield, ME 0422021.5 mi9$2,521,899$295,000$280,211
03581Gorham, NH 0358122.8 mi19$6,179,142$232,400$325,218
04294Wilton, ME 0429424.0 mi3$1,719,000$465,000$573,000

Frequently Asked Questions

How many homes are for sale in HANOVER, ME 04237?

As of March 2026, there are 6 active listings in HANOVER, ME (zip code 04237), compared to 5 the prior year.

What is the median home price in HANOVER, ME 04237?

The median listing price in HANOVER, ME 04237 is $513,675 as of March 2026, a 60.5% increase from $320,000 the prior year.

How long do homes stay on the market in HANOVER, ME?

Homes in HANOVER, ME 04237 spend an average of 56 days on the market before going under contract, compared to 162 days the prior year.

Is it a seller's or buyer's market in HANOVER, ME 04237?

Based on current inventory and days-on-market data as of March 2026, HANOVER, ME 04237 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 56 days on market compared to 162 days last year.

How much can I save on real estate commission in HANOVER, ME?

With SELL123.com's maximum 3% commission, sellers in HANOVER, ME 04237 save an estimated $10,274 compared to a typical 5% commission on the median listing price of $513,675. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.