Is Hancock County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, WV
How much do homes in Hancock County, WV cost?
Median Sold Price
$138,500
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hancock County have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Hancock County was $138,500 in April 2024, up 4.9% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49K | $54.2K | +10.7% |
| 2 Bedrooms | $99K | $77.5K | -21.7% |
| 3 Bedrooms | $146K | $146.5K | 0.3% |
| 4 Bedrooms | $124K | $139.9K | +12.9% |
| 5+ Bedrooms | $142.5K | $160K | +12.3% |
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 10.7%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Counties
| Columbiana County | $150K | $160.1K | +6.7% |
| Hancock County | $132K | $138.5K | +4.9% |
| Jefferson County | $126K | $131.8K | +4.6% |
| Beaver County | $178.4K | $182.4K | +2.2% |
| Brooke County | $133.5K | $128K | -4.1% |
Housing Supply in Hancock County, WV
How many homes are available in Hancock County, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 109 | 115 | +5.5% |
Summary: The Hancock County real estate market had 115 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 58 | 68 | +17.2% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Hancock County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hancock County, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Hancock County in April 2024, down by 4.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for Hancock County, WV
How long does it take to sell a home in Hancock County, WV?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 72 Days | +11.4% |
Summary: Homes in Hancock County had an average of 72 days on market in Apr 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hancock County has remained consistent over time.
Summary: During April 2024, 21 homes were sold in Hancock County; 29% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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