$2,374 Closing Credit*
$199,900
1,331 SqFt
3 Beds
•1 Full Bath, 2 Partial
#50162813, JULIE WAARA, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
Is Hancock Township, 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 Township was a Buyer's Market.
Key Takeaway
Hancock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hancock Township, MI
How much do homes in Hancock Township, MI cost?
Median Sold Price
$192,000
$105/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$220,500(-53.5%)
Key Takeaway
Homes in Hancock Township have sold for 53.5% less than they did a month ago.
Summary: The median home sold price in Hancock Township was $192,000 in November 2024, down 53.5% from last month, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142K | $70K | -50.7% |
| 3 Bedrooms | - | $192K | N/A |
| 4 Bedrooms | $478K | $125K | -73.8% |
| 5+ Bedrooms | $412.5K | $377K | -8.6% |
Summary: Hancock Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 50.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 73.8%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Calumet Charter Township | $93K | $135K | +45.2% |
| Franklin Township | $697.5K | $805K | +15.4% |
| Hancock Township | $412.5K | $192K | -53.5% |
| Hancock | $412.5K | $192K | -53.5% |
Housing Supply in Hancock Township, MI
How many homes are available in Hancock Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Hancock Township real estate market had 19 homes for sale in November 2024, a 13.6% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Hancock Township 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 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hancock Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hancock Township in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Hancock Township, MI
How long does it take to sell a home in Hancock Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +13.0% |
Summary: Homes in Hancock Township had an average of 37 days on market in Nov 2024, up by 13% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hancock Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Hancock Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.