Comprehensive market data and analysis• Updated Dec 2025
8.3 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 5 |
| 1-2 acres | - | 1 | 2 | 9 |
| 2-5 acres | - | 2 | 4 | 12 |
| 5-10 acres | 2 | 4 | 11 | 20 |
| 10-20 acres | 3 | 8 | 11 | 29 |
| 20-50 acres | 1 | 2 | 6 | 10 |
| 50-100 acres | - | - | 1 | 2 |
| 100+ acres | 1 | 1 | 1 | 6 |
| TOTAL | 7 | 18 | 38 | 93 |
Acreage buckets
The median price for land in Hanover County, Virginia is currently $22K per acre. For a typical parcel, the median sale price is $195K. 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 $542K.
Hanover County, Virginia is currently a balanced market with 8.3 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 91.2% year-over-year.
Hanover County, Virginia currently has 8.3 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 50 active listings in Hanover County, Virginia. 26 new listings have hit the market in the last 90 days. The median asking price is $199K.
The current absorption rate in Hanover County, Virginia is 12.0% (3-month basis), indicating moderate demand. With appreciating values (+91.2% YoY), the market shows growth potential. The top-performing broker in this market is Hometown Realty.
Over the past 12 months, Hanover County, Virginia saw 94 properties sold, totaling $25.7M in sales volume. In just the last 3 months, 18 properties changed hands.
Land in Hanover County, Virginia averages $50K per acre. The median price per acre is $22K, which may be more representative of typical transactions. Most parcels sold are around 10.0 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.
