Comprehensive market data and analysis• Updated Oct 2026
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 3 | 3 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 3 | 4 |
Acreage buckets
The median price for land in East Hanover, New Jersey is currently $3.3M per acre. For a typical parcel, the median sale price is $985K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $557K while premium lots reached $1.5M.
East Hanover, New Jersey is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
East Hanover, New Jersey currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The median land price in East Hanover, New Jersey stands at $985K. This translates to roughly $3.3M per acre for the typical parcel size. The average price is $1.0M, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in East Hanover, New Jersey is 33.3%. The 12-month rate is 11.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, East Hanover, New Jersey saw 4 properties sold, totaling $4.1M in sales volume. In just the last 3 months, 3 properties changed hands.
The current absorption rate in East Hanover, New Jersey is 33.3% (3-month basis), indicating strong demand.
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 East Hanover on LandyDandy.
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