Is Hancock County, MS a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hancock County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Hancock County has remained a Buyer's Market.

Key Takeaway

Hancock County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hancock County, MS

How much do homes in Hancock County, MS cost?

Median Sold Price

$449,500

$159/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

+$149,500(+49.8%)

Key Takeaway

Homes in Hancock County have sold for 49.8% more than they did a month ago.

Summary: The median home sold price in Hancock County was $449,500 in June 2024, up 49.8% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 $300K$449.5K
+49.8%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Hancock County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Harrison County
+73.8%
Hancock County
+49.8%

Housing Supply in Hancock County, MS

How many homes are available in Hancock County, MS?

Number of Homes For Sale

May 2024Jun 2024CHANGE
454483+6.4%

Summary: The Hancock County real estate market had 483 homes for sale in June 2024, a 6.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1312
-7.7%
2 6873
+7.4%
3 263281
+6.8%
4 8282
0.0%
5+ 2835
+25.0%

Summary: The Hancock County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

May 2024Jun 2024CHANGE
6456-12.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hancock County, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 56 homes were sold or pending in Hancock County in June 2024, down by 12.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Hancock County, MS

How long does it take to sell a home in Hancock County, MS?

Average Sale Time

May 2024Jun 2024CHANGE
185 Days5 Days-97.3%

Summary: Homes in Hancock County had an average of 5 days on market in Jun 2024, down by 97.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hancock County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 56 homes were sold in Hancock County; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Hancock County, MS

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