Hanover Park Real Estate

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Hanover Park Real Estate & Homes for Sale in Illinois

This community of approximately 40,000 is located just 30 miles northwest of Chicago. It is conveniently located 17 miles from O’Hare International Airport and less than 45 minutes from downtown Chicago (via the Metra West Line). This village’s thriving economy has a variety of industries providing employment, which include manufacturing, retail trade, professional, scientific, management, administrative and waste management services, and educational, health and social services. Some of the companies within the region include big names like Fisher Scientific, Canon and G.E. Transportation. Hanover Park’s seven school districts serving students grades K-12 are renowned for their dedication to providing excellent education. The Hanover Park District also maintains over 21 park sites that stretch more than 128 acres. Residents can engage in numerous recreational activities by way of the parks’ outdoor tennis courts, racquetball courts, swimming pools, football fields, recreation buildings, outdoor ice rinks, softball fields, soccer fields, basketball courts and picnic areas. For outdoor enthusiasts thousands of acres of forest preserves provide bird refuges, natural wildlife areas, horseback and bike trails, boating, fishing, hiking, and picnicking. One of the big annual highlights for Hanover Park residents is the Harvest Fest, held on Labor Day weekend. The event’s big-name entertainment, carnival and plethora of food booths help to attract 40,000 visitors. Real estate options in Hanover Park consist of single-family detached homes, estate properties, condominiums, townhouses and land lots. Hanover Park is a village committed to serving its residents in a safe, aesthetically alluring, developmentally progressive and economically sound community.

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Price Range of Hanover Park Houses

The real estate market in Hanover Park is composed primarily of a diverse mixture of single-family detached homes and condominiums and townhouses. Prices for single-family detached homes start in the low $100,000s. Large ranch style houses, with spacious lots and fireplaces, in Woodlake Trails are priced in the low $200,000s. Estate homes on waterfront properties of considerable acreage, with swimming pools and multiple fireplaces are priced between the low $500,000s and the mid-$600,000s. A good selection of condominiums and townhouses can be purchased anywhere between the low $100,000s and $300,000. Land and lots are also available for custom development

Hanover Park Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $241,972 compared to $241,972 the previous week, to remain steady with no change in listing price.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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