Is Hancock County, OH 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, OH
How much do homes in Hancock County, OH cost?
Median Sold Price
$221,301
$139/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 $221,301 in May 2024, up 3% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $72.5K | -9.4% |
2 Bedrooms | $149.9K | $150.2K | 0.2% |
3 Bedrooms | $209.9K | $214.9K | +2.4% |
4 Bedrooms | $272.2K | $300K | +10.2% |
5+ Bedrooms | $449.9K | $424K | -5.8% |
Summary: Hancock County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
Wyandot County | $152K | $165K | +8.6% |
Hardin County | $157.2K | $165K | +4.9% |
Wood County | $250.2K | $260K | +3.9% |
Hancock County | $214.9K | $221.3K | +3.0% |
Putnam County | $189K | $173.7K | -8.1% |
Housing Supply in Hancock County, OH
How many homes are available in Hancock County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
218 | 228 | +4.6% |
Summary: The Hancock County real estate market had 228 homes for sale in May 2024, a 4.6% 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 | 28 | 27 | -3.6% |
3 Bedrooms | 114 | 120 | +5.3% |
4 Bedrooms | 52 | 57 | +9.6% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Hancock County 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 decreased by 3.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 77 | +32.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Hancock County in May 2024, up by 32.8% month-over-month. Of the 77 sold homes, 34% were sold under asking, 16% were sold at asking, and 51% were sold over asking.
Days on Market for Hancock County, OH
How long does it take to sell a home in Hancock County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 63 Days | -2.3% |
Summary: Homes in Hancock County had an average of 63 days on market in May 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 77 homes were sold in Hancock County; 22% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.