Data as of July 2026. Source: Realtor.com.
The HANOVER, NM real estate market (88041) currently shows 9 active listings, with 4 pending sales. Homes are averaging 99 days on the market before going under contract.
Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.
Homes are selling faster, averaging 99 days on market compared to 100 days last year.
The median listing price has fallen 22.1% year-over-year, from $629,000 to $490,000.
Whether you are buying or selling in HANOVER, NM, 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.
Population: 1,423 · Density: 1.3/mi² · Median household income: $33,733
Typical home value: $178,273 · Homeownership: 87.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 88041 | Hanover, NM 88041 | 0.0 mi | 5 | $3,082,500 | $490,000 | $616,500 |
| 88034 | Faywood, NM 88034 | 14.6 mi | 0 | $0 | $429,000 | $429,000 |
| 88022 | Arenas Valley, NM 88022 | 17.0 mi | 1 | $350,000 | $350,000 | $350,000 |
| 88042 | Hillsboro, NM 88042 | 19.4 mi | 8 | $3,424,896 | $457,500 | $428,112 |
| 88049 | Mimbres, NM 88049 | 20.8 mi | 15 | $5,573,370 | $338,750 | $371,558 |
| 88061 | Silver City, NM 88061 | 31.9 mi | 98 | $36,970,892 | $373,750 | $377,254 |
| 87931 | Caballo, NM 87931 | 34.1 mi | 6 | $1,853,880 | $259,900 | $308,980 |
| 88038 | Gila, NM 88038 | 36.6 mi | 1 | $749,000 | $749,000 | $749,000 |
| 88031 | Deming, NM 88031 | 37.5 mi | 1 | $510,000 | $510,000 | $510,000 |
| 87937 | Hatch, NM 87937 | 42.6 mi | 3 | $523,500 | $174,500 | $174,500 |
| 87943 | Winston, NM 87943 | 47.2 mi | 3 | $447,000 | $149,000 | $149,000 |
| 87935 | Elephant Butte, NM 87935 | 50.4 mi | 39 | $15,898,701 | $333,750 | $407,659 |
| 87939 | Monticello, NM 87939 | 52.6 mi | 1 | $525,000 | $525,000 | $525,000 |
As of July 2026, there are 9 active listings in HANOVER, NM (zip code 88041), compared to 3 the prior year.
The median listing price in HANOVER, NM 88041 is $490,000 as of July 2026, a 22.1% decrease from $629,000 the prior year.
Homes in HANOVER, NM 88041 spend an average of 99 days on the market before going under contract, compared to 100 days the prior year.
Based on current inventory and days-on-market data as of July 2026, HANOVER, NM 88041 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 99 days on market compared to 100 days last year.
With SELL123.com's maximum 3% commission, sellers in HANOVER, NM 88041 save an estimated $9,800 compared to a typical 5% commission on the median listing price of $490,000. 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.