Is Hancock County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hancock County was a Seller's Market.
Housing Prices in Hancock County, GA
How much do homes in Hancock County, GA cost?
Median Sold Price
$422,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hancock County was $422,500 in April 2024, up 1.8% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $230K | N/A |
2 Bedrooms | $295K | $282.5K | -4.2% |
3 Bedrooms | $317.2K | $415K | +30.8% |
4 Bedrooms | $689.9K | $515K | -25.4% |
5+ Bedrooms | $682K | $695.8K | +2.0% |
Summary: Hancock County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
Baldwin County | $244.4K | $250K | +2.3% |
Hancock County | $415K | $422.5K | +1.8% |
Washington County | $170.5K | $159K | -6.7% |
Housing Supply in Hancock County, GA
How many homes are available in Hancock County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Hancock County real estate market had 48 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hancock County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hancock County in April 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hancock County, GA
How long does it take to sell a home in Hancock County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 62 Days | +10.2% |
Summary: Homes in Hancock County had an average of 62 days on market in Apr 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Hancock County; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.