Hanover, Ontario Real Estate Market Report
Grey County, Ontario, Canada · Market data as of
Buyer's MarketHanover is currently a buyer’s market with 6.2 months of inventory and a median sale price of $520K. Higher inventory gives buyers more options and room to negotiate.
Most market reports are old by the time you read them. Boards publish monthly, usually two weeks after the month closes. Every figure on this page is calculated daily from live MLS data, so you're seeing today's market, not last month's summary.
Based on 133 sales and 74active listings · Data refreshes every morning
BWhat This Means for Buyers
With 6.2 months of inventory, buyers have more options and negotiating power in Hanover.
There are 74 active listings to choose from, giving you time to find the right fit.
Prices have been trending down, which may create opportunities for patient buyers.
SWhat This Means for Sellers
Higher inventory means sellers need to work harder to stand out in Hanover.
Homes are selling at 97% of list price — pricing accurately from day one is critical.
133 homes sold in the past 12 months. Presentation and pricing strategy matter more in this environment.
Filters apply to statistics and charts below. Other sections show all property types.
Prices have been trending downward over the past 12 months. Here's how that breaks down across price ranges and time.
Price Trends
Price Distribution
Days on Market Distribution
How fast are homes selling?
Average days on market over time. Lower numbers mean homes are selling faster.
How does this month compare?
Month-over-month and year-over-year changes in key metrics.
| Metric | Current | Last Month | MoM | Same Month Last Year | YoY |
|---|---|---|---|---|---|
| Median Price | $450K | $525K | -14.3% | -- | -- |
| Sales Count | 15 | 9 | +66.7% | -- | -- |
| Avg DOM | 73 | 60 | +21.7% | -- | -- |
What's selling?
Breakdown of sales by property type over the past 12 months.
The monthly stats tell one story. The daily trajectory tells another — here's how inventory is moving day by day.
Daily Market Trajectory
Updated dailyMost market reports use 30-day rolling averages. By the time you see a shift, it already happened weeks ago. This chart tracks inventory daily so you can spot trajectory changes as they happen.
Speed and competitiveness are two sides of the same coin. Here's how aggressively homes are trading.
How competitive is this market?
Absorption rate and sale-to-list price ratio show how aggressively homes are trading.
Just Listed
Just Sold
Want a Detailed Analysis?
Contact Jeff Chisholm for a personalized market analysis of Hanover and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team
Direct Realty Ltd., Brokerage
Top Rated Schools
Source: EQAO provincial assessment results
Market Pulse Score
Driving factor: Absorption rate (0.2)
Frequently Asked Questions
What is the average home price in Hanover, Ontario?
Is Hanover a buyer's or seller's market?
How long do homes take to sell in Hanover?
What is the months of inventory in Hanover?
How much do homes sell above or below asking in Hanover?
What are the real estate market trends in Hanover, Ontario?
Current Mortgage Rates in Ontario
1 year fixed
2.50%
Bank of Canada Posted Rate
3 year fixed
5.19%
Bank of Canada Posted Rate
5 year fixed
6.09%
Bank of Canada Posted Rate
Prime (variable)
2.65%
Posted rates from Bank of Canada · Updated June 5, 2026
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How We Calculate These Statistics
Data source: Statistics are calculated from MLS listing data provided under license from the Canadian Real Estate Association (CREA) and participating real estate boards.
Months of Inventory (MOI):Active listings divided by the monthly sales rate for the selected period (1, 3, 6, or 12 months). Under 4 months generally indicates a seller's market; over 6 months indicates a buyer's market.
SP/LP Ratio: Sale Price to List Price ratio calculated as the median of (sale price / list price) across all sold properties with valid pricing data.
Home Price Index (HPI):CREA's aggregate composite benchmark index tracking price changes for a typical home, adjusted for property mix differences over time.
Update frequency: Data refreshes every 30 minutes via Incremental Static Regeneration (ISR). Daily snapshot metrics update once per day.
Coverage: Includes all residential property types listed on the MLS for Hanover and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team at Direct Realty Ltd., Brokerage
Premium real estate tools and market intelligence powered by REintel
Data provided by REintel. Statistics are aggregated from MLS data under license. Reproduction or redistribution of this data is prohibited without written consent. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association (CREA).
REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.