Comprehensive market data and analysis• Updated Oct 2026
10.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 3 | 4 | 6 | 7 |
| 1-2 acres | 1 | 2 | 3 | 5 |
| 2-5 acres | 2 | 2 | 10 | 14 |
| 5-10 acres | - | - | 4 | 8 |
| 10-20 acres | - | 1 | 3 | 16 |
| 20-50 acres | - | 1 | 3 | 5 |
| 50-100 acres | - | - | 1 | 2 |
| 100+ acres | 1 | 1 | 1 | 3 |
| TOTAL | 7 | 11 | 31 | 60 |
Acreage buckets
The median price for land in Hanover County, Virginia is currently $39K per acre. For a typical parcel, the median sale price is $189K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $100K while premium lots reached $415K.
Hanover County, Virginia is currently a buyer's market with 10.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 28.9% year-over-year.
Hanover County, Virginia currently has 10.2 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 34 active listings in Hanover County, Virginia. 17 new listings have hit the market in the last 90 days. The median asking price is $292K.
The current absorption rate in Hanover County, Virginia is 9.8% (3-month basis), indicating moderate demand. With depreciating values (-28.9% YoY), buyers may find value opportunities. The top-performing broker in this market is Hometown Realty.
Over the past 12 months, Hanover County, Virginia saw 53 properties sold, totaling $12.1M in sales volume. In just the last 3 months, 10 properties changed hands.
Land in Hanover County, Virginia averages $64K per acre. The median price per acre is $39K, which may be more representative of typical transactions. Most parcels sold are around 5.4 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, 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 County on LandyDandy.
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