$2,666 Closing Credit*
$224,500
1,800 SqFt
6 Beds
•3 Baths
#24-2361, Listing Office: RealtySouth The Harbin Company
Is Hanceville, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hanceville has remained a Buyer's Market.
Key Takeaway
Hanceville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hanceville, AL
How much do homes in Hanceville, AL cost?
Median Sold Price
$228,900
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,000(-10.9%)
Key Takeaway
Homes in Hanceville have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Hanceville was $228,900 in November 2024, down 10.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $106.9K | N/A |
| 3 Bedrooms | $242.9K | $221.4K | -8.9% |
| 4 Bedrooms | $273.7K | $259.4K | -5.2% |
| 5+ Bedrooms | $820K | - | N/A |
Summary: Hanceville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes did not change.
Housing Supply in Hanceville, AL
How many homes are available in Hanceville, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The Hanceville real estate market had 29 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hanceville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hanceville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hanceville in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Hanceville, AL
How long does it take to sell a home in Hanceville, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hanceville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Hanceville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
