$6,530 Closing Credit*
$549,900
1,703 SqFt
3 Beds
•2 Full Baths
Carlos Ordinola, Listing Office: Marzucco Real Estate
Is Hancock, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hancock was a Seller's 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
$369,980
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,416(-3.2%)
Key Takeaway
Homes in Hancock have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Hancock was $369,980 in October 2024, down 3.2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $127K | -19.4% |
| 2 Bedrooms | $255K | $225K | -11.8% |
| 3 Bedrooms | $380K | $358.1K | -5.8% |
| 4 Bedrooms | $440K | $411.9K | -6.4% |
| 5+ Bedrooms | $559.9K | $544.9K | -2.7% |
Summary: Hancock housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Diplomat | $353.4K | $364.3K | +3.1% |
| Caloosahatchee | $403.2K | $395.3K | -2.0% |
| Hancock | $382.3K | $369.9K | -3.2% |
| Lochmoor Waterway Estates | $382.5K | $348K | -9.0% |
Housing Supply in Hancock, FL
How many homes are available in Hancock, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 508 | 561 | +10.4% |
Summary: The Hancock real estate market had 561 homes for sale in October 2024, a 10.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 64 | 76 | +18.8% |
| 3 Bedrooms | 287 | 318 | +10.8% |
| 4 Bedrooms | 141 | 151 | +7.1% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Hancock housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 61 | +29.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hancock, you may be able to get a good deal. 59% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Hancock in October 2024, up by 29.8% month-over-month. Of the 61 sold homes, 59% were sold under asking, 31% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 82 Days | +92.4% |
Summary: Homes in Hancock had an average of 82 days on market in Oct 2024, up by 92.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hancock has remained consistent over time.
Summary: During October 2024, 61 homes were sold in Hancock; 30% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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