Is Hancock, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hancock was a Seller's Market.
Key Takeaway
Hancock is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hancock, FL
How much do homes in Hancock, FL cost?
Median Sold Price
$377,483
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hancock have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Hancock was $377,483 in March 2024, down 3.3% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $148.5K | +14.2% |
| 2 Bedrooms | $250K | $257.8K | +3.1% |
| 3 Bedrooms | $386.3K | $376.5K | -2.6% |
| 4 Bedrooms | $464K | $415.5K | -10.5% |
| 5+ Bedrooms | $515K | $565K | +9.7% |
Summary: Hancock housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Lochmoor Waterway Estates | $377K | $388.7K | +3.1% |
| Diplomat | $349.9K | $359.6K | +2.8% |
| Hancock | $390.4K | $377.4K | -3.3% |
| Caloosahatchee | $424.2K | $399.3K | -5.8% |
Housing Supply in Hancock, FL
How many homes are available in Hancock, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 632 | 681 | +7.8% |
Summary: The Hancock real estate market had 681 homes for sale in March 2024, a 7.8% increase 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 | 91 | 93 | +2.2% |
| 3 Bedrooms | 367 | 398 | +8.4% |
| 4 Bedrooms | 158 | 167 | +5.7% |
| 5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Hancock 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 2.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 108 | +47.9% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hancock, you may be able to get a good deal. 71.3% of homes here sold below asking price last month.
Summary: A total of 108 homes were sold or pending in Hancock in March 2024, up by 47.9% month-over-month. Of the 108 sold homes, 71% were sold under asking, 20% were sold at asking, and 8% were sold over asking.
Days on Market for Hancock, FL
How long does it take to sell a home in Hancock, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 74 Days | +55.8% |
Summary: Homes in Hancock had an average of 74 days on market in Mar 2024, up by 55.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hancock are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 108 homes were sold in Hancock; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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