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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hancock County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Hancock County has remained a Seller's Market.

Key Takeaway

Hancock County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hancock County, IN

How much do homes in Hancock County, IN cost?

Median Sold Price

$336,273

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,761(+0.5%)

Key Takeaway

Homes in Hancock County have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Hancock County was $336,273 in April 2024, up 0.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $98.7K$159.9K
+62.0%
2 $200K$212K
+6.0%
3 $274.8K$290.5K
+5.7%
4 $389.9K$371.9K
-4.6%
5+ $550K$520K
-5.5%

Summary: Hancock County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Counties

Henry County
+16.1%
Madison County
+8.9%
Hamilton County
+4.0%
Marion County
+1.9%
Hancock County
0.5%

Housing Supply in Hancock County, IN

How many homes are available in Hancock County, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
404421+4.2%

Summary: The Hancock County real estate market had 421 homes for sale in April 2024, a 4.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 3033
+10.0%
3 169171
+1.2%
4 137144
+5.1%
5+ 6873
+7.4%

Summary: The Hancock County 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 increased by 10%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
100126+26.0%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hancock County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 126 homes were sold or pending in Hancock County in April 2024, up by 26.0% month-over-month. Of the 126 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% 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

Apr 2023Apr 2024CHANGE
46 Days-26 Days-157.8%

Summary: Homes in Hancock County had an average of -26 days on market in Apr 2024, down by 157.8% compared to last year.

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

16 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 April 2024, 126 homes were sold in Hancock County; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 6 Days Ago

Newest Listings in Hancock County, IN

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