Is Hanover, ME 04237 a buyer’s or seller’s market?
Hanover is a seller’s market. With about 2.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Hanover housing market right now
In the three months ending August 31, 2026, 0% of homes in Hanover, ME 04237 sold above their list price, the typical home went under contract in 102 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (386 days then) and the median sale price rose 107% to $471,796. Overall, Hanover is more competitive than a year ago, so tougher for buyers.
Within Oxford County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Canton 04221 (100% sold over asking) and Roxbury 04275 (50% sold over asking) are even more competitive.
Run the numbers for 04237
Nearby markets
Andover 04216Buyer’s market $219 /sq ftBethel 04217Buyer’s market $274 /sq ftBrownfield 04010Balanced $265 /sq ftBryant Pond 04219Buyer’s market $296 /sq ft Browse all markets →Where Hanover is
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Questions about Hanover real estate
Is Hanover a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Hanover, ME 04237 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Hanover?
The typical home went under contract in 102 days in the latest three months.
Do homes in Hanover sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Hanover?
About 0.99% of a home’s value a year in Oxford County, or roughly $3,960 on a $400,000 home.
What is the median home price in Hanover?
The median sale price was $471,796 in the three months ending August 31, 2026, about $341 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology