Is Hancock, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hancock was a Seller's Market.
Housing Prices in Hancock, FL
How much do homes in Hancock, FL cost?
Median Sold Price
$375,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hancock was $375,000 in April 2024, down 3.6% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $148.5K | +14.2% |
2 Bedrooms | $250K | $254.5K | +1.8% |
3 Bedrooms | $383.7K | $376.1K | -2.0% |
4 Bedrooms | $459K | $409.9K | -10.7% |
5+ Bedrooms | $542.5K | $565K | +4.1% |
Summary: Hancock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Neighborhoods
Lochmoor Waterway Estates | $375K | $387.5K | +3.3% |
Diplomat | $349.9K | $357.5K | +2.1% |
Hancock | $389K | $375K | -3.6% |
Caloosahatchee | $419K | $395.8K | -5.5% |
Housing Supply in Hancock, FL
How many homes are available in Hancock, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
677 | 670 | -1.0% |
Summary: The Hancock real estate market had 670 homes for sale in April 2024, a 1.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 96 | 84 | -12.5% |
3 Bedrooms | 384 | 403 | +4.9% |
4 Bedrooms | 176 | 168 | -4.5% |
5+ Bedrooms | 21 | 15 | -28.6% |
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 decreased by 12.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
114 | 105 | -7.9% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Hancock in April 2024, down by 7.9% month-over-month. Of the 105 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 60 Days | +1.9% |
Summary: Homes in Hancock had an average of 60 days on market in Apr 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During April 2024, 105 homes were sold in Hancock; 40% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.