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HANOVER, VA 23069

Real Estate Market Report  ·  Hanover County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The HANOVER, VA real estate market (23069) currently shows 11 active listings, with 3 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 40 days last year.

The median listing price has fallen 6.5% year-over-year, from $518,700 to $484,900.

Whether you are buying or selling in HANOVER, VA, 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: 3,183  ·  Density: 17.8/mi²  ·  Median household income: $77,188

Typical home value: $310,511  ·  Homeownership: 89.2%

Market Overview

Active Listings
11
⇧ 37.5% vs 8 last year
Pending
3
27% pending ratio
Median Price
$484,900
⇩ 6.5% vs $518,700 last year
Average Price
$555,636
⇧ 7.5% vs $516,633 last year
Days on Market
50
⇧ 25% vs 40 days last year

Price Per Square Foot

Median $/sqft
$288
vs $288/sqft last year
Median Home Size
1,701 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 8 last year
  • Days on market: 50 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $484,900 (-6.5% YoY)
  • Average: $555,636 (+7.5% 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 17.4 miles — 537 listings ($249,592,214 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23069Hanover, VA 230690.0 mi10$5,114,500$425,000$511,450
23106Manquin, VA 231067.7 mi1$561,975$561,975$561,975
23005Ashland, VA 230058.4 mi79$40,478,810$370,000$512,390
23111Mechanicsville, VA 2311111.8 mi102$59,092,986$468,694$579,343
23228Henrico, VA 2322813.3 mi70$25,040,610$347,238$357,723
22546Ruther Glen, VA 2254613.6 mi90$38,079,630$376,000$423,107
23222Richmond, VA 2322213.8 mi97$34,023,526$354,923$350,758
22514Milford, VA 2251414.8 mi5$3,786,940$564,675$757,388
23294Henrico, VA 2329415.1 mi24$9,682,008$402,138$403,417
23148Saint Stephens Church, VA 2314815.4 mi5$1,849,500$369,900$369,900
23086King William, VA 2308616.7 mi11$3,719,353$346,713$338,123
23219Richmond, VA 2321916.8 mi12$6,402,732$389,000$533,561
23221Richmond, VA 2322117.4 mi31$21,759,644$657,750$701,924

Frequently Asked Questions

How many homes are for sale in HANOVER, VA 23069?

As of March 2026, there are 11 active listings in HANOVER, VA (zip code 23069), compared to 8 the prior year.

What is the median home price in HANOVER, VA 23069?

The median listing price in HANOVER, VA 23069 is $484,900 as of March 2026, a 6.5% decrease from $518,700 the prior year.

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

Homes in HANOVER, VA 23069 spend an average of 50 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in HANOVER, VA 23069?

Based on current inventory and days-on-market data as of March 2026, HANOVER, VA 23069 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 50 days on market compared to 40 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HANOVER, VA 23069 save an estimated $9,698 compared to a typical 5% commission on the median listing price of $484,900. 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.