Why Live in East Hanover
East Hanover is a suburban enclave located 25 miles from New York City, bordered by Interstate 280 to the north and the Troy Meadows wetlands to the west. The neighborhood features a mix of housing styles, including split-level, bi-level, ranch-style, and colonial homes, though inventory is generally low. Residents enjoy a variety of dining options along Route 10, such as the family-owned East Hanover Diner and The Godfather Brick Oven Pizzeria & Seafood Bar & Grill. East Hanover Plaza offers shopping conveniences with stores like Target, REI, Home Depot, and Costco. Joseph G. Lurker Park serves as a community hub, hosting events like summer concerts, a Memorial Day parade, and an annual May carnival. The park also features baseball fields and a walking path, while the nearby East Hanover Township Pool provides additional recreational opportunities. The Troy Meadows wetlands, a 2600-acre preserve, offers hiking and wildlife spotting. The neighborhood's schools are highly rated, with Central Elementary, Frank J. Smith Elementary School, East Hanover Middle School, and Hanover Park High School all recognized for their strong academics and athletics programs. Major roads such as Interstate 280 and Route 10 facilitate commuting, with bus services available and train connections to Manhattan from Orange, New Jersey. Newark Liberty International Airport is approximately 20 miles away. East Hanover is noted for its low crime risk areas, making it safer than the national average.
Frequently Asked Questions
What is the average home price in East Hanover, NJ?
Homes for sale in East Hanover, NJ have an average home price of $885,570.
How many homes have sold over the last 12 months in East Hanover, NJ?
102 homes have sold in East Hanover, NJ over the last 12 months.
What are the most popular zip codes in East Hanover, NJ?
How much do you need to make to afford a house in East Hanover?
The median home price in East Hanover is $874,500. If you put a 20% down payment of $174,900 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $4,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $195K a year to afford the median home price in East Hanover.
How are the schools in East Hanover, NJ?
Home Trends in East Hanover, NJ
On average, homes in East Hanover, NJ sell after 24 days on the market compared to the national average of 50 days. The median sale price for homes in East Hanover, NJ over the last 12 months is $835,000, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$835,000
Median Single Family Sale Price
$900,000
Median Townhouse Sale Price
$1,015,747
Median 2 Bedroom Sale Price
$510,000
Average Price Per Sq Ft
$396
Number of Homes for Sale
32
Last 12 months Home Sales
102
Median List Price
$874,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%