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Hanover Park Real Estate Market Update March 2018

Real Estate In Hanover Park is a sellers' market with low inventory of homes in Hanover Park and a lot of buyer interest. There is a 2.5 months supply of inventory on the market in Hanover Park on March 31, 2018.

BARRINGTON, Ill. - March 12, 2018 - Rezul -- Real Estate In Hanover Park (http://propertyup.com/realestate/hanover+park,illinois) is a sellers' market with low inventory of homes in Hanover Park (http://propertyup.com/sale/house-hanover+park,illinois) and a lot of buyer interest. There is a 2.5 months supply of inventory on the market in Hanover Park (http://propertyup.com/sale/hanover+park,illinois) on March 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hanover Park (http://propertyup.com/sale/house-hanover+park,illinois) last month was 65 days.

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It took on average 49 days to sell Hanover Park Condo (http://propertyup.com/sale/condos-hanover+park,illinois), Townhouse or a Duplex.
The number of home sales in Hanover Park from February 1, 2018 through February 28, 2018 was 36 units. That is 1% above the number of homes sold last month in Hanover Park.

The average price per square foot in the area is now $129/Sq.Ft, which is 11% an increase from last month.

In Hanover Park there were 7 units sold in February in the price range between $95,162 – $143,340 with an average of 3 bedrooms and 1.4 bathrooms and average Square footage of 1,310SF.

In Hanover Park there were 22 units sold in February in the price range between $143,341 – $235,758 with an average of 3 bedrooms and 1.7 bathrooms and average Square footage of 1,464SF.

In Hanover Park there were 7 units sold in February in the price range between $235,759 – $280,000 with an average of 3.9 bedrooms and 2.2 bathrooms and average Square footage of 1,973SF.

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The middle price range had the most activity. Homes up to $235,758 were on the market on average 57 days and sold an average of $194,012.

If you are looking for a new home for you and your family, or looking for an investment property, you can't go wrong by getting a prime piece of real estate in Hanover Park (http://propertyup.com/realestate/hanover+park,illinois). Search all Hanover Park homes for Sale (http://propertyup.com/sale/hanover+park,illinois) on propertyup.com If you are considering viewing Hanover Park (http://propertyup.com/sale/hanover+park,illinois), you may want to do so now!

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John Herman
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Source: PropertyUp Inc.

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