$2,850 Closing Credit*
$240,000
1,781 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50159801, DANIELLE HOSKINS, Listing Office: CENTURY 21 AFFILIATED
Is Hancock, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 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, MI
How much do homes in Hancock, MI cost?
Median Sold Price
$412,500
$145/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$252,500(+157.8%)
Key Takeaway
Homes in Hancock have sold for 157.8% more than they did a month ago.
Summary: The median home sold price in Hancock was $412,500 in October 2024, up 157.8% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $142K | -11.3% |
| 3 Bedrooms | $123K | - | N/A |
| 4 Bedrooms | $350K | $478K | +36.6% |
| 5+ Bedrooms | - | $412.5K | N/A |
Summary: Hancock housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hancock | $160K | $412.5K | +157.8% |
| Hancock Township | $160K | $412.5K | +157.8% |
| Franklin Township | $436.2K | $685K | +57.0% |
| Houghton | $280K | $239.5K | -14.5% |
Housing Supply in Hancock, MI
How many homes are available in Hancock, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Hancock real estate market had 22 homes for sale in October 2024, a 15.8% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hancock, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Hancock in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Hancock, MI
How long does it take to sell a home in Hancock, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 33 Days | +141.5% |
Summary: Homes in Hancock had an average of 33 days on market in Oct 2024, up by 141.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hancock has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Hancock; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.