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HANOVER, MN 55341

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

Market Analysis

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

The HANOVER, MN real estate market (55341) currently shows 55 active listings, with 10 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 31 days on market compared to 64 days last year.

The median listing price has risen 6.5% year-over-year, from $471,175 to $501,800.

Whether you are buying or selling in HANOVER, MN, 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: 3,433  ·  Density: 273.2/mi²  ·  Median household income: $145,156

Typical home value: $396,370  ·  Homeownership: 89.9%

Market Overview

Active Listings
55
⇧ 31% vs 42 last year
Pending
10
18% pending ratio
Median Price
$501,800
⇧ 6.5% vs $471,175 last year
Average Price
$554,724
⇧ 6.4% vs $521,367 last year
Days on Market
31
⇩ 51.6% vs 64 days last year

Price Per Square Foot

Median $/sqft
$219
⇩ 1.8% vs $223/sqft last year
Median Home Size
2,314 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 42 last year
  • Days on market: 31 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $501,800 (+6.5% YoY)
  • Average: $554,724 (+6.4% 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 15.1 miles — 780 listings ($463,267,049 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55341Hanover, MN 553410.0 mi40$21,834,440$477,425$545,861
55374Rogers, MN 553744.0 mi123$64,592,712$488,160$525,144
55373Rockford, MN 553735.8 mi19$9,410,130$435,480$495,270
55340Hamel, MN 553407.0 mi81$87,108,210$917,536$1,075,410
55313Buffalo, MN 553139.3 mi67$27,430,805$372,850$409,415
55369Osseo, MN 5536910.5 mi137$77,661,327$546,500$566,871
55328Delano, MN 5532811.4 mi73$49,944,337$482,248$684,169
55356Long Lake, MN 5535611.8 mi26$47,349,822$1,024,175$1,821,147
55362Monticello, MN 5536213.0 mi62$26,730,308$405,211$431,134
55442Minneapolis, MN 5544213.7 mi30$12,816,240$425,000$427,208
55445Minneapolis, MN 5544513.8 mi35$9,050,475$204,750$258,585
55363Montrose, MN 5536314.8 mi28$10,499,720$394,924$374,990
55428Minneapolis, MN 5542815.1 mi59$18,838,523$337,425$319,297

Frequently Asked Questions

How many homes are for sale in HANOVER, MN 55341?

As of June 2026, there are 55 active listings in HANOVER, MN (zip code 55341), compared to 42 the prior year.

What is the median home price in HANOVER, MN 55341?

The median listing price in HANOVER, MN 55341 is $501,800 as of June 2026, a 6.5% increase from $471,175 the prior year.

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

Homes in HANOVER, MN 55341 spend an average of 31 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in HANOVER, MN 55341?

Based on current inventory and days-on-market data as of June 2026, HANOVER, MN 55341 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 31 days on market compared to 64 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HANOVER, MN 55341 save an estimated $10,036 compared to a typical 5% commission on the median listing price of $501,800. 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.