Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 4 |
Acreage buckets
The median price for land in Hanover, Maryland is currently $420K per acre. For a typical parcel, the median sale price is $322K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $212K while premium lots reached $4.1M.
The top-performing broker in this market is Berkshire Hathaway HomeServices PenFed Realty.
Land in Hanover, Maryland averages $414K per acre. The median price per acre is $420K, which may be more representative of typical transactions. Most parcels sold are around 5.3 acres.
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.
There are currently 1 active listings in Hanover, Maryland. The median asking price is $249K.
The median land price in Hanover, Maryland stands at $322K. This translates to roughly $420K per acre for the typical parcel size. The average price is $1.6M, indicating some higher-priced properties pulling up the average.
Land in Hanover, Maryland typically sells within 743 days of listing. The median time on market is 743 days. Properties are moving slowly in the current strong buyer'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. 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.