HANOVER MARKET AREA
The Hanover, New Hampshire real estate market saw eighty (80) sales in 2021, down from a record-setting ninety-four (94) sold in 2020. These sales translated into a total dollar volume of $83,169,105, an all-time high for the town. As of December 31, there were an additional five (5) properties active under contract or pending and set to close with the coming months.
Snyder Donegan was pleased to assist twenty-three (23) buyers and sellers of all closed Hanover transactions in 2021.
When looking at the data for Hanover and most of the greater Hanover market area, nearly all of it points to the extraordinarily high motivation level of buyers. Of all 80 closed homes, buyers paid either at or above the seller’s asking price in fifty-five (55) of those transactions, with the average negotiating discount– percent difference between a home’s list price and sale price– down to 1.92% from 2.99% in 2020. Additionally, thirty (30) of all sold/closed homes were over $1 million– up from twenty (20) in 2020 to a new all-time high– creating a record-high average price of $1,039,614. With inventory lasting a record-low 28.5 days on the market prior to sale, Hanover buyers were willing to act fast and pay more this year than ever before.
With unprecedented buying activity comes record lows in regard to available inventory, however, as there were just two (2) homes actively listed on the Hanover market as of December 31. Though we remain optimistic, with buyer demand still high but so little inventory available, it stands to reason that without a considerable infusion of new listings into the market, 2022 could potentially get off to a slower start than usual.
GREATER HANOVER-LEBANON MARKET AREA
Like the GWA market, the Greater Hanover-Lebanon market area (Hanover, Hartford, Lebanon, Lyme, Norwich, Plainfield, Strafford) registered its second-highest total number of transactions in history with 401 sales of single-family homes, shy of 2020’s record of 439. Buyers paid either at or above a seller’s asking price in 266 of the 401 sales that transacted over the year, with the average price of a home reaching a record $620,277.
Not surprisingly, these record totals have left a vacuum in terms of available inventory, as there were just eighteen (18) single-family homes actively listed in the entire Greater-Hanover market area on December 31, 2021, down from twenty-eight (28) at the same point in 2020 and down sharply from the eighty-four (84) available at this time in 2019.
In regard to luxury sales, the Greater Hanover-Lebanon market area saw a record fifty-seven (57) sales of homes that sold/closed for $1 million or more, shattering the previous record of thirty-six (36) set in 2020. The town of Hanover alone recorded thirty (30) luxury sales, its highest total in history. Snyder Donegan was pleased to represent nineteen (19) of the buyers and/or sellers of those luxury properties, including the highest priced sale in Norwich 2020 (180 Birch Hill Lane –$3.375 million).
HANOVER FY 2021 BY THE NUMBERS
- 80 SOLD single-family homes
- Average Price: $1,039,614
- Median Price: $881,250
- Total Volume: $83,169,105
- Average Negotiating Discount: 1.92%
- Average Days on the Market: 28.5
- 5 ACTIVE UNDER CONTRACT/PENDING single-family homes
- Average Price: $1,422,800
- Median Price: $925,000
- Average Days on the Market: 60.4
- 2 ACTIVELY LISTED single-family homes
- Average Price: $1,949,500
- Median Price: $1,949,500
- Average Days on the Market: 118.5
Charts illustrating portions of the above information can be found below, followed by a complete list of all 80 properties that closed during FY 2021.
A list of all 80 properties that sold/closed in Hanover in FY 2021 is below.
| 141 Lyme Road, Hanover, NH | $160,000 |
| 285 Hanover Center Road, Hanover, NH | $208,000 |
| 156 Etna Road, Hanover, NH | $325,000 |
| 5&6 Goose Pond Road, Hanover, NH | $370,000 |
| 71 Goose Pond Road, Hanover, NH | $380,000 |
| 96 Dogford Road, Hanover, NH | $380,000 |
| 89 Goose Pond Road, Hanover, NH | $407,000 |
| 118 Lyme Road, Hanover, NH | $479,000 |
| 342 Hanover Center Road, Hanover, NH | $495,000 |
| 155 Lyme Road, Hanover, NH | $515,000 |
| 55 Greensboro Road, Hanover, NH | $520,000 |
| 8 Buck Road, Hanover, NH | $529,000 |
| 6 Haskins Road, Hanover, NH | $546,000 |
| 4 Pete's Lane, Hanover, NH | $550,000 |
| 3 Dunster Terrace, Hanover, NH | $570,000 |
| 3 Claflin Circle, Hanover, NH | $570,000 |
| 272 Hanover Center Road, Hanover, NH | $580,000 |
| 2 Greensboro Road, Hanover, NH | $581,100 |
| 110 Greensboro Road, Hanover, NH | $595,000 |
| 71 Lebanon Street, Hanover, NH | $600,000 |
| 53 Greensboro Road, Hanover, NH | $645,000 |
| 594 Hanover Center Road, Hanover, NH | $659,000 |
| 102 S Main Street, Hanover, NH | $681,500 |
| 11 Haskins Road, Hanover, NH | $692,000 |
| 5 Fairview Avenue, Hanover, NH | $692,500 |
| 102 South Main Street, Hanover, NH | $699,000 |
| 253 Dogford Road, Hanover, NH | $700,000 |
| 420 Dogford Road, Hanover, NH | $701,000 |
| 134 & 135 Goss Road, Hanover, NH | $711,000 |
| 152 Lyme Road, Hanover, NH | $720,000 |
| 104 Blueberry Hill Drive, Hanover, NH | $729,000 |
| 42 Rayton Road, Hanover, NH | $731,000 |
| 65 Trescott Road, Hanover, NH | $760,000 |
| 9 Brockway Road, Hanover, NH | $774,000 |
| 138 Three Mile Road, Hanover, NH | $776,000 |
| 1 Read Road, Hanover, NH | $790,000 |
| 5 & 7 Juniper Lane, Hanover, NH | $815,000 |
| 9 Low Road, Hanover, NH | $820,000 |
| 10 Carriage Lane, Hanover, NH | $855,000 |
| 5 Barrymore Road, Hanover, NH | $877,500 |
| 6 Carriage Lane, Hanover, NH | $885,000 |
| 5 Mulherrin Farm Road, Hanover, NH | $886,005 |
| 12 Conant Road, Hanover, NH | $899,000 |
| 5 Fox Field Lane, Hanover, NH | $899,000 |
| 2 Goodfellow Road, Hanover, NH | $900,000 |
| 3 Wyeth Road, Hanover, NH | $900,000 |
| 28 Rip Road, Hanover, NH | $945,000 |
| 4 Ladd Road, Hanover, NH | $949,000 |
| 341 Dogford Road, Hanover, NH | $949,000 |
| 12 Spencer Road, Hanover, NH | $960,000 |
| 12 Haskins Road, Hanover, NH | $1,050,000 |
| 14 Montview Drive, Hanover, NH | $1,050,000 |
| 44 River Road, Hanover, NH | $1,060,000 |
| 4 Rip Road, Hanover, NH | $1,100,000 |
| 8 Heather Lane, Hanover, NH | $1,100,000 |
| 3 Sargent Street, Hanover, NH | $1,160,000 |
| 24 Low Road, Hanover, NH | $1,250,000 |
| 11 Ledyard Lane, Hanover, NH | $1,250,000 |
| 4 Partridge Road, Hanover, NH | $1,285,000 |
| 120 S. Main Street, Hanover, NH | $1,292,500 |
| 14 Sargent Street, Hanover, NH | $1,295,000 |
| 6 Ruddsboro Road, Hanover, NH | $1,395,000 |
| 11 Currier Place, Hanover, NH | $1,399,000 |
| 6 Meadow Lane, Hanover, NH | $1,400,000 |
| 6 Ivy Pointe Way, Hanover, NH | $1,430,000 |
| 11 N. Balch Street, Hanover, NH | $1,470,000 |
| 2 Algonquin Trail, Hanover, NH | $1,500,000 |
| 3 Ivy Pointe Way, Hanover, NH | $1,500,000 |
| 7 Montview Drive, Hanover, NH | $1,500,000 |
| 21 1/2 Lyme Road, Hanover, NH | $1,635,000 |
| 9 Butternut Lane, Hanover, NH | $1,777,000 |
| 20 Occom Ridge, Hanover, NH | $1,800,000 |
| 15 Meadow Lane, Hanover, NH | $1,875,000 |
| 10 Gates Road, Hanover, NH | $1,935,000 |
| 5 Quail Drive, Hanover, NH | $1,950,000 |
| 52 River Road, Hanover, NH | $2,180,000 |
| 9 Downing Road, Hanover, NH | $2,495,000 |
| 9 Heneage Lane, Hanover, NH | $2,625,000 |
| 1 Weatherby Terrace, Hanover, NH | $3,375,000 |
| 37 Rope Ferry Road, Hanover, NH | $3,675,000 |
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