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August 2025 · Hanover
Hanover Housing Market Report for August 2025
24 residential properties closed in Hanover in August 2025. Average sold price of $509,162. 91.7% of homes sold below asking — buyers have negotiating leverage.
Avg Sold Price $509,162
Median Price $525,000
Sale / List 97.5%
Over Asking 8.3%
Avg DOM 80 days
Total Sold
24
all residential
Avg Sold Price
$509,162
all types
Median Price
$525,000
mid-point
Sale / List
97.5%
avg ratio
Over Asking
8.3%
of all sales
Avg DOM
80
days on market
Prices by Property Type
Hanover · August 2025
💰 Price Summary
Average Sold $509,162
Median Sold $525,000
Avg List Price $522,500
Lowest Sale $335,000
Highest Sale $700,000
Sale / List Ratio 97.5%
📊 Competition
Sold over asking 8.3%
Sold at asking 0.0%
Sold under asking 91.7%
Avg Days on Market 80 days
Fast · 050Slow · 100+
🧊 Buyers market — 91.7% sold below asking. Avg 80 days on market.
💰 Price Summary
Average Sold $335,000
Median Sold $335,000
Avg List Price $349,900
Lowest Sale $335,000
Highest Sale $335,000
Sale / List Ratio 95.7%
📊 Competition
Sold over asking 0.0%
Sold at asking 0.0%
Sold under asking 100.0%
Avg Days on Market 55 days
Fast · 050Slow · 100+
🧊 Buyers market — 100% sold below asking. Avg 55 days on market.
💰 Price Summary
Average Sold $514,359
Median Sold $525,000
Avg List Price $528,191
Lowest Sale $346,000
Highest Sale $700,000
Sale / List Ratio 97.4%
📊 Competition
Sold over asking 9.1%
Sold at asking 0.0%
Sold under asking 90.9%
Avg Days on Market 79 days
Fast · 050Slow · 100+
🧊 Buyers market — 90.9% sold below asking. Avg 79 days on market.
💰 Price Summary
Average Sold $569,000
Median Sold $569,000
Avg List Price $569,900
Lowest Sale $569,000
Highest Sale $569,000
Sale / List Ratio 99.8%
📊 Competition
Sold over asking 0.0%
Sold at asking 0.0%
Sold under asking 100.0%
Avg Days on Market 146 days
Fast · 050Slow · 100+
🧊 Buyers market — 100% sold below asking. Avg 146 days on market.
🏘
No multi-unit data for August 2025
There weren't enough multi-unit sales in
Hanover this month to generate a summary.
Nearby Cities · August 2025
Average sold price across all residential property types
| City | Avg Sold | Median | Sale / List | DOM | Conditions |
|---|---|---|---|---|---|
| West Grey | $546,752 | $489,425 | 96.5% | 111d | 🧊 Buyers |
| Brockton | $423,627 | $375,000 | 97.6% | 131d | 🧊 Buyers |
| Arran Elderslie | $502,188 | $492,000 | 97.6% | 89d | 🧊 Buyers |
| Minto | $718,889 | $645,000 | 96.4% | 104d | 🧊 Buyers |
Frequently Asked Questions
Hanover · August 2025
The average sold price across all residential types in Hanover was $509,162 in August 2025,
based on 24 closed transactions. The median was
$525,000.
Condos averaged $335,000, freehold averaged $514,359, and townhouses averaged $569,000.
The average Hanover home took 80 days to sell in August 2025.
Freehold properties averaged 79 days while condos averaged 55 days.
In August 2025, condos averaged $335,000 while freehold homes averaged $514,359 —
a gap of $179,359.
Hanover averaged $509,162 in August 2025. West Grey averaged $546,752. Arran Elderslie averaged $502,188. See the full August 2025 Ontario summary →
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Data note: Based on MLS® resale transaction data held in our system for Hanover, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making decisions.
