Is Hanover, VA 23069 a buyer’s or seller’s market?

The Hanover housing market right now

In the three months ending August 31, 2026, 25% of homes in Hanover, VA 23069 sold above their list price, the typical home went under contract in 21 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (32 days then) and the median sale price fell 34% to $479,792. Overall, Hanover is less competitive than a year ago, which gives buyers more room.

Within Hanover County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 75%.

Nearby, buyers who want less competition could look at Doswell 23047 (0% sold over asking) or Rockville 23146 (22% sold over asking), while Beaverdam 23015 (48% sold over asking) and Mechanicsville 23111 (40% sold over asking) are even more competitive.