Is Hancock County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hancock County has remained a Seller's Market.
Housing Prices in Hancock County, IN
How much do homes in Hancock County, IN cost?
Median Sold Price
$338,562
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hancock County was $338,562 in May 2024, up 1.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $140K | +36.6% |
2 Bedrooms | $205.2K | $214.5K | +4.5% |
3 Bedrooms | $276K | $291.4K | +5.6% |
4 Bedrooms | $383.8K | $375K | -2.3% |
5+ Bedrooms | $548.4K | $527.5K | -3.8% |
Summary: Hancock County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Counties
Henry County | $139.9K | $155K | +10.8% |
Madison County | $171.4K | $185.1K | +8.0% |
Hamilton County | $400K | $417.6K | +4.4% |
Marion County | $234.6K | $239.9K | +2.3% |
Hancock County | $334.1K | $338.5K | +1.3% |
Housing Supply in Hancock County, IN
How many homes are available in Hancock County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
443 | 466 | +5.2% |
Summary: The Hancock County real estate market had 466 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 31 | 34 | +9.7% |
3 Bedrooms | 177 | 190 | +7.3% |
4 Bedrooms | 154 | 162 | +5.2% |
5+ Bedrooms | 80 | 78 | -2.5% |
Summary: The Hancock County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 135 | +3.1% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 135 homes were sold or pending in Hancock County in May 2024, up by 3.1% month-over-month. Of the 135 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 37 Days | -15.3% |
Summary: Homes in Hancock County had an average of 37 days on market in May 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During May 2024, 135 homes were sold in Hancock County; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.