Altos Market Data for Realtors

Hancock, MD

Single-Family Homes

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Hancock, MD

Fri Apr 19 2024
This week the median list price for Hancock, MD is $265,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has increased to 5. Click here to stay informed with the Hancock market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Hancock, MD

Fri Apr 19 2024
This week the median list price for Hancock, MD is $265,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has increased to 5. Click here to stay informed with the Hancock market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Hancock market.
Median List Price $265,000
Median Price of New Listings $0
Per Square Foot $121
Average Days on Market 101
Median Days on Market 35
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 44
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$499,000 3,780 0 - 4,500 sqft 5 5 146 0 0 196
$419,900 3,464 0.5 - 1 acre 3 2.5 18 0 0 245
$265,000 1,652 2.5 - 5 acres 2 2 39 0 0 35
$179,950 1,701 0.5 - 1 acre 3 1.5 45 0 0 14