Welcome back to another episode where we dive deep into the South Shore real estate market! I'm Jim Aldred with Pink Door Properties, and today we're breaking down what happened in Hanover this January—and folks, this is a story of dramatic shifts and opportunities.

Let's start with the headline: Hanover is experiencing a SELLER'S MARKET with just 1.27 months of inventory. To put that in perspective, anything under 3 months means sellers are in the driver's seat, and we're sitting at less than half that threshold. The median sold price jumped to $695,000—that's a 15.35% increase from December's $602,500. But here's where it gets interesting: this same figure was actually down nearly 30% from three months ago when it hit $990,000. What does this tell us? Volatility and seasonality are real factors in our market.

We only saw 4 active listings in January, with a median list price of $949,900—down a whopping 38.7% from December's $1.5 million. This dramatic drop in listing prices suggests sellers are getting more realistic, or we're seeing a different inventory mix hitting the market. Properties are moving FAST—the median days on market was just 11 days, down 42% from the previous month.

The sale-to-list price ratio is sitting at 101.7%, meaning buyers are paying slightly over asking price. This confirms the competitive nature of our market. We saw 13 sales close in January compared to just 6 in December—more than doubling our transaction volume.

Looking at the detailed breakdown, our sold properties ranged from a modest $273,000 fixer-upper on Elm Street (which actually sold 6% over asking at just 5 days on market!) all the way up to a stunning $1,650,000 colonial on Center Street with 16 rooms. The sweet spot? Five properties sold in the $600-700K range, with an average of 34 days on market and selling at 102% of list price.

What's particularly noteworthy is our pending inventory: we have just 2 properties under agreement, both in the luxury segment ($1.4M-$1.5M range), and one of them took 91 days to go pending—significantly longer than our market average. This suggests luxury inventory may be experiencing some headwinds compared to the more accessible price points.

The median estimated property value stands at $870,260, which is down 3.9% from last month but up 3.5% year-over-year. This indicates Hanover's long-term trajectory remains positive despite short-term fluctuations.

For buyers, the message is clear: you need to be ready to move quickly and compete. For sellers, particularly in the sub-$1M range, this is YOUR moment. Properties are selling in days, not weeks, and often over asking price.

January 2026 showed us 10 total closings with a median sale price of $849,999 and a median time to offer of just 7 days. The market moved $8.26 million in volume with an average sale price of $825,700—robust activity for a traditionally slower month.

Bottom line? Hanover's market is hot, inventory is tight, and opportunities exist on both sides of the transaction if you know how to navigate them. Stay tuned as we track these trends into spring market season! #SouthShoreMAHomes #BostonSouthShoreRealEstate #SouthShoreRealtor #jimaldred #kwsignaturepropertiesma #sellingsouthietosagamore #southshorerealestate #pinkdoorproperties #pinkdoorpodcast #02339 #hanoverrealestate #hanoverjanuarymarketupdate #hanover #RealEstatePodcast

Jim Aldred is a Realtor serving Boston's South Shore and can be contacted via his Links below.
https://linktr.ee/SellingSouthieToSagamore
www.KWMASS.com

Email me at [email protected]

cell: 339-987-0382

PODCAST INTRO

"Werq" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
http://creativecommons.org/licenses/by/4.0/

PODCAST OUTRO

LURKING SLOTH

By: Alexander Nakarada