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Hanover Park Real Estate Market Update May 2018

By Author: John Herman
Total Articles: 129

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 3.16 months supply of inventory on the market in Hanover Park on May 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hanover Park last month was 25 days.
It took on average 25 days to sell Hanover Park Condo, Townhouse or a Duplex.
The number of home sales in Hanover Park from April 1, 2018 through April 30, 2018 was 42 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 $139/Sq.Ft, which is 12% an increase from last month.

In Hanover Park there were 10 units sold in April in the price range between $112,000 – $159,545 with an average of 2.5 bedrooms and 1.5 bathrooms and average Square footage of 1,030SF.

In Hanover Park there were 26 units sold in April in the price range between $159,546 – $251,044 with an average of 3.5 bedrooms and 1.9 bathrooms and average Square footage of 1,679SF.

In Hanover Park there were 6 units sold in April in the price range between $251,045 – $295,000 with an average of 3.7 bedrooms and 2.4 bathrooms and average Square footage of 1,814SF.

The low price range had the most activity. Homes up to $159,545 were on the market on average 35 days and sold an average of $133,845.

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. Search all Hanover Park homes for Sale on propertyup.com If you are considering viewing Hanover Park, you may want to do so now!

More About the Author

John Herman owner-operator of the business started as licensed real estate agent 12/17/2004 and have built a large network of happy returned clients. Over the years John Herman obtained Managing broker certification and build a team of 3 full time agents and 4 administrative assistants. John Herman and his team earned customer driven Five Star professional award for Realtors the past 6 years in the row. Our unique business model is based on servicing real estate buyers and sellers that are starting their real estate search online. Property Up have full time 24/7/365 days a year customer service team that answers online inquiry under 5 minutes. This makes us very competitive as industry average only 42% of online inquiries get answered all together. The Company has been under the current management of Alina Herman and John Herman with a team of contractors working on Marketing, SEO, web development, documentation, process creation and audits for proper quality control. John Herman and Alina Herman have 12 years real estate experience each. John is top 10% in sales in Illinois and a top 100 Agent in the NSBAR association.

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