Hanover Park, IL Housing Market
The Hanover Park housing market is somewhat competitive. Homes in Hanover Park receive 4 offers on average and sell in around 38 days. The median sale price of a home in Hanover Park was $281K last month, down 7.9% since last year. The median sale price per square foot in Hanover Park is $245, up 28.3% since last year.
Hanover Park Housing Market Trends
In April 2024, Hanover Park home prices were down 7.9% compared to last year, selling for a median price of $281K. On average, homes in Hanover Park sell after 38 days on the market compared to 39 days last year. There were 24 homes sold in April this year, up from 23 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Hanover Park housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 39 days.
- Hot homescan sell for about 5% above list price and go pending in around 28 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 40 days.
- Hot homescan sell for about 6% above list price and go pending in around 29 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 44 days.
- Hot homescan sell for about 6% above list price and go pending in around 32 days.
Hanover Park Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Hanover Park from outside metros.
- New York homebuyers searched to move into Hanover Park more than any other metro followed by Peoria and St. Louis.
- 86% of Hanover Park homebuyers searched to stay within the Hanover Park metropolitan area.
- Cape Coral was the most popular destination among Hanover Park homebuyers followed by Sarasota and South Bend.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,510 | ||
2 | 730 | ||
3 | 695 | ||
4 | 544 | ||
5 | 366 | ||
6 | 285 | ||
7 | 185 | ||
8 | 171 | ||
9 | 51 | ||
10 | 50 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,962 | ||
2 | 1,319 | ||
3 | 1,297 | ||
4 | 1,157 | ||
5 | 1,141 | ||
6 | 1,111 | ||
7 | 881 | ||
8 | 846 | ||
9 | 793 | ||
10 | 747 |
Home offer insights for Hanover Park
Recent offers
- Offer Not Accepted|8 Weeks Ago~$275K OfferSold for $275K3 bd | 1.5 ba | ~1,250 sqftOver List Price0%Days on Market27Competing Offers10Down Payment~20%
- Offer Not Accepted|9 Weeks Ago~$250K OfferSold for $250K3 bd | 2 ba | ~1,250 sqftOver List Price0%Days on Market28Competing Offers—Down Payment~10%
View houses in Hanover Park that sold recently
Recently sold homes
- $357,500 Last Sold Price5 beds1.5 baths1,300 sq ft1910 Marigold Ln, Hanover Park, IL 60133List Price$359,900Sale to List1% under listDays on Market53 days1910 Marigold Ln, Hanover Park, IL 60133
- $315,000 Last Sold Price3 beds1.5 baths1,032 sq ft6890 Magnolia St, Hanover Park, IL 60133List Price$300,000Sale to List5% over listDays on Market52 days6890 Magnolia St, Hanover Park, IL 60133
- $300,000 Last Sold Price3 beds2 baths1,736 sq ft2066 Leeward Ln, Hanover Park, IL 60133List Price$284,900Sale to List5% over listDays on Market91 days2066 Leeward Ln, Hanover Park, IL 60133
- $245,000 Last Sold Price2 beds1.5 baths1,000 sq ft732 Hearth Dr #732, Hanover Park, IL 60133List Price$239,900Sale to List2% over listDays on Market70 days732 Hearth Dr #732, Hanover Park, IL 60133
- $295,500 Last Sold Price3 beds1 bath977 sq ft2045 Cinema Dr W, Hanover Park, IL 60133List Price$270,000Sale to List9% over listDays on Market31 days2045 Cinema Dr W, Hanover Park, IL 60133
- $345,000 Last Sold Price3 beds3 baths2,500 sq ft906 Violet Dr, Hanover Park, IL 60133List Price$348,000Sale to List1% under listDays on Market29 days906 Violet Dr, Hanover Park, IL 60133
- $330,000 Last Sold Price2 beds2.5 baths1,724 sq ft1735 Dogwood Ln, Hanover Park, IL 60133List Price$330,000Sale to List0% over listDays on Market34 days1735 Dogwood Ln, Hanover Park, IL 60133
- $385,000 Last Sold Price4 beds2 baths—sq ft966 White Bridge Ln, Hanover Park, IL 60133List Price$375,900Sale to List2% over listDays on Market34 days966 White Bridge Ln, Hanover Park, IL 60133
See all recently sold homes in Hanover Park.
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Schools in Hanover Park
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Albert Einstein Elementary School Public • K-6 | 478 Students | 9 reviews |
7/10 Hanover Highlands Elementary School Public • K-6 | 541 Students | 10 reviews |
7/10 Elsie C Johnson Elementary School Public • K-5 | 271 Students | 3 reviews |
7/10 Ontarioville Elementary School Public • PreK-6 | 504 Students | 2 reviews |
6/10 Anne Fox Elementary School Public • K-6 | 374 Students | 9 reviews |
Climate's impact on Hanover Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Hanover Park.
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Fire Factor - Moderate
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Wind Factor - Minor
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Heat Factor - Moderate
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Transportation in Hanover Park
Walk Score®
Bike Score®
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