Hanover, MN Housing Market

$448,517

2.2% 1-yr

The average Hanover, MN home value is $448,517, up 2.2% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Hanover Key Takeaways

Typical Home Values: $448,517

1-year Value Change: +2.2%

(Data through April 30, 2025)

Hanover Housing Market Overview

--1-year Market Forecast

8For sale inventory(April 30, 2025)

--New listings(April 30, 2025)

--Median sale to list ratio

--Median sale price(March 31, 2025)

--Median list price(April 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Hanover

NameMedian ZHVI
Greenhaven--
Commerce--
College Park$316,153
Northland--
Northwoods$657,782
Bass Creek$364,673
Oak Grove$465,486
Tessman$375,485
Candlewood$270,171

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Hanover Rental Market Trends

--Average rent in Hanover

$2,024National average rent(April 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.