Comprehensive market data and analysis• Updated Dec 2025
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 2 | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | 1 | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 3 | 4 |
Acreage buckets
The median price for land in Hanover, Maine is currently $37K per acre. For a typical parcel, the median sale price is $194K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $169K while premium lots reached $210K.
Hanover, Maine is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Hanover, Maine currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Hanover, Maine averages $41K per acre. The median price per acre is $37K, which may be more representative of typical transactions. Most parcels sold are around 9.2 acres.
The 3-month absorption rate in Hanover, Maine is 33.3%. The 12-month rate is 33.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Hanover, Maine stands at $194K. This translates to roughly $37K per acre for the typical parcel size. The average price is $191K, showing a fairly consistent market.
The current absorption rate in Hanover, Maine is 33.3% (3-month basis), indicating strong demand. The top-performing broker in this market is Berkshire Hathaway HomeServices Northeast Real Estate.
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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
