Hanover, MD Housing Market Trends

Market Overview for Q2 2026

$552K 4.2% Y-o-Y $22K Y-o-Y
$266 -0.4% Y-o-Y -$1 Y-o-Y
82 -1.2% Y-o-Y -1 Y-o-Y
$425K -3% Y-o-Y -$16K Y-o-Y
Hanover, MD Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $510,000 $520,000 $505,000 $490,000
2023 $485,000 $509,000 $521,000 $524,000
2024 $536,000 $526,000 $516,000 $519,000
2025 $534,000 $530,000 $611,000 $545,000
2026 0 $552,000
Hanover, MD Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $243 $247 $252 $250
2023 $262 $248 $248 $262
2024 $259 $260 $264 $265
2025 $267 $267 $267 $271
2026 0 $266
Real Estate Transactions in Hanover, MD
Year Q1 Q2 Q3 Q4
2022 120 189 147 106
2023 61 111 105 79
2024 55 103 106 98
2025 77 83 154 76
2026 0 82
Anne Arundel County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $400,000 $435,000 $440,000 $420,000
2023 $510,000 $452,000 $456,000 $469,000
2024 $452,000 $473,000 $478,000 $466,000
2025 $460,000 $484,000 $498,000 $470,000
2026 $475,000 $500,000 $517,000
Hanover, MD Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $510,000 $520,000 $505,000 $490,000
2023 $485,000 $509,000 $521,000 $524,000
2024 $536,000 $526,000 $516,000 $519,000
2025 $534,000 $530,000 $611,000 $545,000
2026 0 $552,000
Hanover, MD Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $243 $247 $252 $250
2023 $262 $248 $248 $262
2024 $259 $260 $264 $265
2025 $267 $267 $267 $271
2026 0 $266
Real Estate Transactions in Hanover, MD
Year Q1 Q2 Q3 Q4
2022 120 189 147 106
2023 61 111 105 79
2024 55 103 106 98
2025 77 83 154 76
2026 0 82
Anne Arundel County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $400,000 $435,000 $440,000 $420,000
2023 $510,000 $452,000 $456,000 $469,000
2024 $452,000 $473,000 $478,000 $466,000
2025 $460,000 $484,000 $498,000 $470,000
2026 $475,000 $500,000 $517,000

Hanover, MD Housing Stock

Property Type
Units
Condo
311
Townhouse
1
Other
6,281

Anne Arundel County: Demographics

Total population
23,027
Median age
34
No high school education
2.0%
Some high school/college
17.8%
Bachelor's degree
31.8%
Average household income
$159,684
Occupied housing units
9,288
Owner-occupied units
65.8%
Renter-occupied units
34.2%
Median year structure built
1988

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$1.6M
16
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$737K
17
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$550K
18
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19
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