Is Hanford, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hanford has remained a Seller's Market.
Housing Prices in Hanford, CA
How much do homes in Hanford, CA cost?
Median Sold Price
$366,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hanford was $366,000 in March 2024, up 3.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $120K | 0.0% |
2 Bedrooms | $240K | $255K | +6.3% |
3 Bedrooms | $335K | $344.9K | +3.0% |
4 Bedrooms | $426K | $428.5K | +0.6% |
5+ Bedrooms | $491.8K | $473K | -3.8% |
Summary: Hanford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in Hanford, CA
How many homes are available in Hanford, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 58 | -9.4% |
Summary: The Hanford real estate market had 58 homes for sale in March 2024, a 9.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 33 | 30 | -9.1% |
4 Bedrooms | 16 | 12 | -25.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hanford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 11 | -47.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Hanford in March 2024, down by 47.6% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for Hanford, CA
How long does it take to sell a home in Hanford, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 17 Days | -66.8% |
Summary: Homes in Hanford had an average of 17 days on market in Mar 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Hanford; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.