Is Hancock, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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 May 2023
Summary: The median home sold price in Hancock was $375,000 in May 2024, down 2.6% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $148.5K | +14.2% |
2 Bedrooms | $250K | $230K | -8.0% |
3 Bedrooms | $380K | $374.9K | -1.3% |
4 Bedrooms | $472K | $404.4K | -14.3% |
5+ Bedrooms | $550K | $551.5K | 0.3% |
Summary: Hancock housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
Lochmoor Waterway Estates | $367K | $385K | +4.9% |
Diplomat | $350K | $360K | +2.9% |
Hancock | $385K | $375K | -2.6% |
Caloosahatchee | $420K | $394.1K | -6.2% |
Housing Supply in Hancock, FL
How many homes are available in Hancock, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
612 | 619 | +1.1% |
Summary: The Hancock real estate market had 619 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 82 | 82 | 0.0% |
3 Bedrooms | 361 | 376 | +4.2% |
4 Bedrooms | 151 | 141 | -6.6% |
5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Hancock housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 76 | -30.9% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Hancock in May 2024, down by 30.9% month-over-month. Of the 76 sold homes, 67% were sold under asking, 26% were sold at asking, and 7% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 63 Days | +14.8% |
Summary: Homes in Hancock had an average of 63 days on market in May 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During May 2024, 76 homes were sold in Hancock; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.