From January through June of 2019, there were eight homes sold, with a median sale price of $384,950 - a 35.8% decrease over the $600,000 median sale price for the same period of the previous year. There were five homes sold in Hanover in the first half of 2018.
The median sales tax in Hanover for the most recent year with available data, 2015, was $4,221, approximately 1.1% of the median home sale price for the first half of 2019.
The following table compares Hanover to other Hennepin County cities with similar median sales prices in the first half of 2019:
| City | Jan. - June 2019 Home Sales | Jan. - June 2018 Home Sales | % change (Total Home Sales) | Jan. - June 2019 Median Sales Price | Jan. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetrista | 91 | 101 | -9.9% | $427,500 | $413,167 | 3.5% |
| Greenfield | 20 | 23 | -13% | $418,750 | $339,900 | 23.2% |
| Corcoran | 35 | 31 | 12.9% | $412,900 | $382,000 | 8.1% |
| Eden Prairie | 454 | 422 | 7.6% | $410,750 | $391,250 | 5% |
| Minnetonka | 391 | 355 | 10.1% | $389,000 | $375,000 | 3.7% |
| Hanover | 8 | 5 | 60% | $384,950 | $600,000 | -35.8% |
| Independence | 31 | 26 | 19.2% | $380,000 | $469,750 | -19.1% |
| Plymouth | 505 | 540 | -6.5% | $364,900 | $368,150 | -0.9% |
| Golden Valley | 185 | 190 | -2.6% | $342,000 | $309,500 | 10.5% |
| St. Anthony | 33 | 35 | -5.7% | $330,000 | $321,000 | 2.8% |
| Long Lake | 11 | 15 | -26.7% | $325,200 | $295,000 | 10.2% |
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