Is Hancock County, IN 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, Hancock County has remained a Seller's Market.
Housing Prices in Hancock County, IN
How much do homes in Hancock County, IN cost?
Median Sold Price
$336,845
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hancock County was $336,845 in March 2024, up 0.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $159.9K | +56.0% |
2 Bedrooms | $200K | $214.5K | +7.2% |
3 Bedrooms | $275K | $290.6K | +5.7% |
4 Bedrooms | $391.8K | $367.9K | -6.1% |
5+ Bedrooms | $550K | $518K | -5.8% |
Summary: Hancock County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
Henry County | $134.9K | $151.5K | +12.2% |
Madison County | $169K | $187.4K | +10.9% |
Hamilton County | $395.9K | $415.6K | +5.0% |
Hancock County | $334.7K | $336.8K | +0.6% |
Marion County | $234.9K | $235.7K | 0.3% |
Housing Supply in Hancock County, IN
How many homes are available in Hancock County, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
362 | 385 | +6.4% |
Summary: The Hancock County real estate market had 385 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 160 | 164 | +2.5% |
4 Bedrooms | 117 | 123 | +5.1% |
5+ Bedrooms | 52 | 65 | +25.0% |
Summary: The Hancock County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 93 | +17.7% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Hancock County in March 2024, up by 17.7% month-over-month. Of the 93 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for Hancock County, IN
How long does it take to sell a home in Hancock County, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 52 Days | -24.0% |
Summary: Homes in Hancock County had an average of 52 days on market in Mar 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 93 homes were sold in Hancock County; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.