Housing in Hanover Park, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$355,000
Median List Price
$324,000
Price Per Sq Ft
$235
Days on Market
48
Active Inventory
50
Months of Supply
4.2
Balanced market
Zillow Home Value
$311,565
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
41.7%
Off Market in 2 Weeks
47.8%
Sale-to-List Ratio
98.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
12
New Listings
30
Pending Sales
23
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$235
Median List $/SF
$253
Hanover Park vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Hanover Park is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$260,900
Median Rent
$1,478
Total Housing Units
11,573
Vacancy Rate
3.1%
Owner Occupied
76.0%
Renter Occupied
23.9%
Median Property Tax
$6,180
per year
Monthly Cost (w/ Mortgage)
$1,545
Housing Types
The current median sale price in Hanover Park, IL is $355,000 according to Redfin data. Homes spend a median of 48 days on the market. 41.7% of homes sold above asking price. The market has 4.2 months of supply. The median price per square foot is $235. The median rent is $1,478 per month (Census ACS). About 76.0% of housing units are owner-occupied. The median year homes were built is 1976. There are 11,573 total housing units.