Comprehensive market data and analysis• Updated Oct 2026
5.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 3 | 3 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | 1 | 2 | 4 |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 6 | 11 |
Acreage buckets
The median price for land in Hanover, Indiana is currently $37K per acre. For a typical parcel, the median sale price is $55K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $15K while premium lots reached $172K.
Hanover, Indiana is currently a seller's market with 5.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Hanover, Indiana currently has 5.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The current absorption rate in Hanover, Indiana is 20.0% (3-month basis), indicating strong demand. The top-performing broker in this market is F.C. Tucker/Scott Lynch Group.
There are currently 5 active listings in Hanover, Indiana. 2 new listings have hit the market in the last 90 days. The median asking price is $170K.
The 3-month absorption rate in Hanover, Indiana is 20.0%. The 12-month rate is 18.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Hanover, Indiana typically sells within 97 days of listing. The median time on market is 120 days. Properties are moving at a moderate pace in the current seller's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Hanover on LandyDandy.
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