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There are currently 11 sold bungalow listings in Hanover, Ontario with an average price of $543,395 CAD.

Listings:
11
Avg. Price:
$543,395
Map View
105 12th Avenue A Avenue, Hanover, ON N4N 3V1 - Property 1
SOLD
Sold: $750,000$770,200
105 12th Avenue A Avenue, Hanover
5 bed • 3 bath • 6 parking
30 7TH Street, Hanover, ON N4N 1G2 - Property 1
SOLD
Sold: $647,500$679,000
30 7th Street, Hanover
5 bed • 4 bath • 7 parking
161 17th Ave A N/A, Hanover, ON N4N 0B5 - Property 1
SOLD
Sold: $704,000$724,900
161 17th Ave A N/A, Hanover
5 bed • 3 bath • 5 parking
218 4th Street Crescent, Hanover, ON N4N 3S2 - Property 1
SOLD
Sold: $601,000$625,000
218 4th Street Crescent, Hanover
5 bed • 3 bath • 5 parking
105 12th Avenue, Hanover, ON N4N 3V1 - Property 1
SOLD
Sold: $755,000$699,000
105 12th Avenue, Hanover
5 bed • 3 bath • 6 parking
671 21st A Avenue, Hanover, ON N4N 3M2 - Property 1
SOLD
Sold: $640,000$649,900
671 21st A Avenue, Hanover
5 bed • 2 bath • 8,288 sqft
260 7TH Street UNIT#1, Hanover, ON N4N 1G9 - Property 1
SOLD
Sold: $532,900$529,900
260 7th Street Unit#1, Hanover
5 bed • 3 bath • 2 parking
137 17th Avenue A Avenue, Hanover, ON N4N 0B5 - Property 1
SOLD
Sold: $705,000$739,900
137 17th Avenue A Avenue, Hanover
5 bed • 3 bath • 6 parking
431 4th Street, Hanover, ON N4N 3E8 - Property 1
SOLD
Sold: $495,000$499,900
431 4th Street, Hanover
5 bed • 2 bath • 6,200 sqft
780 17th Street, Hanover, ON N4N 3X4 - Property 1
SOLD
Sold: $785,000$799,900
780 17th Street, Hanover
5 bed • 3 bath • 6 parking
227 12TH Avenue, Hanover, ON N4N 2T1 - Property 1
SOLD
Sold: $600,000$599,900
227 12th Avenue, Hanover
5 bed • 2 bath • 7 parking

Hanover Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(192.3% SNR)
Median Sold (6M)
$543,300
-11% YoY
Avg. Days on Market
73 Days
6-month closed average
Sold (6M) / Active
50 / 26
Closed vs active inventory
6M / 2Y Price Change
+6.8% (6M)
2Y trend: +32.8%
Nov 26: Median $587,500 • 10 sold • 96 DOMHover or tap points to inspect monthly data
$390k$448k$505k$563k$620kDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Hanover Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$543,3005073 days26
1 Year$531,4508079 days26
3 Years$545,00017764 days26
5 Years$545,00017764 days26

Sold Bungalow Benchmarks & Market Trends in Hanover

Reviewing recently sold bungalows in Hanover provides direct, unvarnished insight into actual closing values and transaction liquidity. With 11 verified bungalow sales recorded on the MLS®, buyers and sellers can track real sale prices, sale-to-list price ratios, and average days on market (DOM).

Historical sales data in Hanover demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.

Average Prices by Bedroom in Hanover

BedroomsAvg. PriceActive Listings
1 Bed$390,0004
2 Beds$454,23316
3 Beds$545,66293
4 Beds$546,69648
5+ Beds$647,82216

Hanover Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Recent MLS® sales in Hanover establish clear pricing benchmarks. Entry-level single-storey properties have traded from $300K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $1M. The benchmark average sold price for a bungalow in Hanover sits at $544K.

Because land value represents the overwhelming majority of a bungalow's total equity in Hanover, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in Hanover

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Hanover, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Hanover can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).

This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Hanover exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Top Neighborhoods in Hanover

Exploring sub-areas within Hanover can help buyers compare average prices and active inventory across communities.

NeighborhoodAvg. PriceListings
Hanover$543,775176

Accessibility, Aging-in-Place & Downsizer Demand in Hanover

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Hanover deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Hanover represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Hanover.

The average sold price for a bungalow in Hanover is currently $544K, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.