Is Hancock County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hancock County has remained a Seller's Market.
Housing Prices in Hancock County, IN
How much do homes in Hancock County, IN cost?
Median Sold Price
$336,273
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hancock County was $336,273 in April 2024, up 0.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.7K | $159.9K | +62.0% |
2 Bedrooms | $200K | $212K | +6.0% |
3 Bedrooms | $274.8K | $290.5K | +5.7% |
4 Bedrooms | $389.9K | $371.9K | -4.6% |
5+ Bedrooms | $550K | $520K | -5.5% |
Summary: Hancock County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Counties
Henry County | $135.4K | $157.2K | +16.1% |
Madison County | $170K | $185.3K | +8.9% |
Hamilton County | $399.9K | $415.7K | +4.0% |
Marion County | $234.8K | $239.3K | +1.9% |
Hancock County | $334.5K | $336.2K | 0.5% |
Housing Supply in Hancock County, IN
How many homes are available in Hancock County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
404 | 421 | +4.2% |
Summary: The Hancock County real estate market had 421 homes for sale in April 2024, a 4.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 33 | +10.0% |
3 Bedrooms | 169 | 171 | +1.2% |
4 Bedrooms | 137 | 144 | +5.1% |
5+ Bedrooms | 68 | 73 | +7.4% |
Summary: The Hancock County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 126 | +26.0% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 126 homes were sold or pending in Hancock County in April 2024, up by 26.0% month-over-month. Of the 126 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.
Days on Market for Hancock County, IN
How long does it take to sell a home in Hancock County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | -26 Days | -157.8% |
Summary: Homes in Hancock County had an average of -26 days on market in Apr 2024, down by 157.8% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 126 homes were sold in Hancock County; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.