From July through December of 2017, there were five homes sold, with a median sale price of $292,000 - a 29.7% decrease over the $415,510 median sale price for the same period of the previous year. There were three homes sold in Hanover in the second half of 2016.
The median sales tax in Hanover for the most recent year with available data, 2015, was $4,221, approximately 1.4% of the median home sale price for the second half of 2017.
The following table compares Hanover to other Hennepin County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Loretto | 5 | 6 | -16.7% | $335,000 | $200,000 | 67.5% |
| Long Lake | 16 | 15 | 6.7% | $318,750 | $237,000 | 34.5% |
| St. Anthony | 46 | 41 | 12.2% | $307,500 | $265,000 | 16% |
| Golden Valley | 181 | 178 | 1.7% | $305,000 | $300,000 | 1.7% |
| Rogers | 86 | 94 | -8.5% | $298,000 | $277,950 | 7.2% |
| Hanover | 5 | 3 | 66.7% | $292,000 | $415,510 | -29.7% |
| Maple Grove | 561 | 558 | 0.5% | $284,300 | $275,000 | 3.4% |
| St. Louis Park | 325 | 354 | -8.2% | $280,000 | $252,500 | 10.9% |
| Bloomington | 498 | 531 | -6.2% | $258,600 | $235,000 | 10% |
| Spring Park | 8 | 14 | -42.9% | $251,450 | $434,000 | -42.1% |
| Champlin | 170 | 174 | -2.3% | $247,100 | $225,000 | 9.8% |
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