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HANOVER, IL 61041

Real Estate Market Report  ·  Jo Daviess County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
vs 4 last year
Pending
1
25% pending ratio
Median Price
$1,200,000
⇩ 11.6% vs $1,358,083 last year
Average Price
$1,331,633
⇩ 3.9% vs $1,385,694 last year
Days on Market
246
⇧ 148.5% vs 99 days last year

Market Context

Population: 1,436  ·  Density: 6.9/mi²  ·  Median household income: $49,659

Typical home value: $113,087  ·  Homeownership: 67.9%

Market Analysis

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

The HANOVER, IL real estate market (61041) currently shows 4 active listings, with 1 pending sales. Homes are averaging 246 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 246 days on market compared to 99 days last year.

The median listing price has fallen 11.6% year-over-year, from $1,358,083 to $1,200,000.

Whether you are buying or selling in HANOVER, IL, 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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 246 now vs 99 last year

Median & Average Pricing

Year over Year
  • Median: $1,200,000 (-11.6% YoY)
  • Average: $1,331,633 (-3.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.3 miles — 108 listings ($43,544,732 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61041Hanover, IL 610410.0 mi4$5,326,532$1,200,000$1,331,633
52031Bellevue, IA 520318.8 mi11$3,341,173$276,250$303,743
52064Miles, IA 5206412.6 mi1$144,900$144,900$144,900
61074Savanna, IL 6107414.0 mi16$2,143,168$84,900$133,948
61085Stockton, IL 6108515.6 mi7$1,764,301$190,000$252,043
61001Apple River, IL 6100116.5 mi6$2,603,580$399,750$433,930
61025East Dubuque, IL 6102518.3 mi9$2,967,174$359,000$329,686
61053Mount Carroll, IL 6105320.4 mi7$661,500$94,500$94,500
52003Dubuque, IA 5200321.3 mi23$16,139,629$434,500$701,723
52060Maquoketa, IA 5206021.8 mi13$2,948,075$209,450$226,775
52731Charlotte, IA 5273122.8 mi2$979,800$489,900$489,900
61062Pearl City, IL 6106224.5 mi6$1,500,000$205,000$250,000
53541Gratiot, WI 5354125.3 mi3$3,024,900$745,000$1,008,300

Frequently Asked Questions

How many homes are for sale in HANOVER, IL 61041?

As of January 2026, there are 4 active listings in HANOVER, IL (zip code 61041), compared to 4 the prior year.

What is the median home price in HANOVER, IL 61041?

The median listing price in HANOVER, IL 61041 is $1,200,000 as of January 2026, a 11.6% decrease from $1,358,083 the prior year.

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

Homes in HANOVER, IL 61041 spend an average of 246 days on the market before going under contract, compared to 99 days the prior year.

Is it a seller's or buyer's market in HANOVER, IL 61041?

Based on current inventory and days-on-market data as of January 2026, HANOVER, IL 61041 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 246 days on market compared to 99 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HANOVER, IL 61041 save an estimated $24,000 compared to a typical 5% commission on the median listing price of $1,200,000. 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.