Comprehensive market data and analysis• Updated Dec 2025
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 4 |
Acreage buckets
The median price for land in Hanover, Virginia is currently $10K per acre. For a typical parcel, the median sale price is $168K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $45K while premium lots reached $535K.
Over the past 12 months, Hanover, Virginia saw 4 properties sold, totaling $1.0M in sales volume.
Land in Hanover, Virginia typically sells within 21 days of listing. The median time on market is 21 days. Properties are moving quickly.
The median land price in Hanover, Virginia stands at $168K. This translates to roughly $10K per acre for the typical parcel size. The average price is $255K, indicating some higher-priced properties pulling up the average.
The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The top-performing broker in this market is Nest Realty Group.
Land in Hanover, Virginia averages $11K per acre. The median price per acre is $10K, which may be more representative of typical transactions. Most parcels sold are around 17.5 acres.
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.
