Is Hancock, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hancock has remained a Seller's Market.
Housing Prices in Hancock, NY
How much do homes in Hancock, NY cost?
Median Sold Price
$155,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hancock was $155,000 in April 2024, down 1.6% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $392.5K | $126K | -67.9% |
3 Bedrooms | $150K | $110K | -26.7% |
4 Bedrooms | $177.5K | $247K | +39.2% |
5+ Bedrooms | $290K | $170K | -41.4% |
Summary: Hancock 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 67.9%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes decreased by 41.4%.
Housing Supply in Hancock, NY
How many homes are available in Hancock, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Summary: The Hancock real estate market had 14 homes for sale in April 2024, a 17.6% decrease 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 | 3 | 3 | 0.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hancock 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Hancock in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hancock, NY
How long does it take to sell a home in Hancock, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
191 Days | 79 Days | -58.6% |
Summary: Homes in Hancock had an average of 79 days on market in Apr 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Hancock; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.