Is Hancock County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hancock County was a Neutral Market.
Housing Prices in Hancock County, TN
How much do homes in Hancock County, TN cost?
Median Sold Price
$266,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hancock County was $266,500 in May 2024, up 54.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $250K | +177.8% |
2 Bedrooms | $150K | $105K | -30.0% |
3 Bedrooms | $180K | $255.8K | +42.1% |
4 Bedrooms | $300K | $330.5K | +10.2% |
5+ Bedrooms | - | $1.0M | N/A |
Summary: Hancock County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 177.8%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Hancock County | $172.5K | $266.5K | +54.5% |
Lee County | $120K | $135.9K | +13.3% |
Hawkins County | $225K | $244.5K | +8.7% |
Claiborne County | $227.2K | $240K | +5.6% |
Grainger County | $279.9K | $265K | -5.3% |
Housing Supply in Hancock County, TN
How many homes are available in Hancock County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Summary: The Hancock County real estate market had 15 homes for sale in May 2024, a 6.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hancock County housing inventory by bedroom type for May 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Hancock County in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hancock County, TN
How long does it take to sell a home in Hancock County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 2 Days | -92.6% |
Summary: Homes in Hancock County had an average of 2 days on market in May 2024, down by 92.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Hancock County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.