From July through September of 2020, there were two homes sold, with a median sale price of $380,000 - a 85.4% increase over the $205,000 median sale price for the same period of the previous year. There were five homes sold in Hanover in the third quarter of 2019.
The median sales tax in Hanover for the most recent year with available data, 2019, was $5,166, approximately 1.4% of the median home sale price for the third quarter of 2020.
The following table compares Hanover to other Hennepin County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetrista | 46 | 56 | -17.9% | $475,354 | $412,495 | 15.2% |
| Eden Prairie | 113 | 279 | -59.5% | $421,000 | $387,500 | 8.6% |
| Minnetonka | 143 | 246 | -41.9% | $412,000 | $392,500 | 5% |
| Golden Valley | 43 | 123 | -65% | $409,900 | $358,400 | 14.4% |
| Plymouth | 179 | 355 | -49.6% | $385,000 | $395,000 | -2.5% |
| Hanover | 2 | 5 | -60% | $380,000 | $205,000 | 85.4% |
| Spring Park | 6 | 7 | -14.3% | $377,500 | $668,000 | -43.5% |
| Corcoran | 11 | 24 | -54.2% | $375,000 | $399,000 | -6% |
| Maple Grove | 201 | 366 | -45.1% | $370,000 | $341,750 | 8.3% |
| St. Louis Park | 130 | 208 | -37.5% | $365,000 | $314,500 | 16.1% |
| Rogers | 26 | 59 | -55.9% | $357,500 | $335,000 | 6.7% |
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