$3,859 Closing Credit*
$324,999
1,591 SqFt
3 Beds
•2 Full Baths
Patricia Borges, Listing Office: DEEDIT REALTY LLC
Is Hancock, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hancock was a Neutral Market.
Key Takeaway
Hancock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hancock, FL
How much do homes in Hancock, FL cost?
Median Sold Price
$369,993
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,006(-2.6%)
Key Takeaway
Homes in Hancock have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Hancock was $369,993 in November 2024, down 2.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | - | N/A |
| 2 Bedrooms | $252K | $222K | -11.9% |
| 3 Bedrooms | $380K | $359.5K | -5.4% |
| 4 Bedrooms | $436.5K | $408.9K | -6.3% |
| 5+ Bedrooms | $554.4K | $544.9K | -1.7% |
Summary: Hancock 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 decreased by 11.9%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Diplomat | $355K | $366.2K | +3.2% |
| Caloosahatchee | $400.7K | $394.9K | -1.4% |
| Hancock | $380K | $369.9K | -2.6% |
| Lochmoor Waterway Estates | $382.5K | $346K | -9.5% |
Housing Supply in Hancock, FL
How many homes are available in Hancock, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 556 | 603 | +8.5% |
Summary: The Hancock real estate market had 603 homes for sale in November 2024, a 8.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 78 | 87 | +11.5% |
| 3 Bedrooms | 307 | 335 | +9.1% |
| 4 Bedrooms | 156 | 163 | +4.5% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Hancock 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 increased by 11.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 36 | -47.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hancock, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Hancock in November 2024, down by 47.8% month-over-month. Of the 36 sold homes, 75% were sold under asking, 22% were sold at asking, and 3% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 94 Days | +72.7% |
Summary: Homes in Hancock had an average of 94 days on market in Nov 2024, up by 72.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hancock are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 36 homes were sold in Hancock; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.