Hanceville Housing Market Report January 2025•Cullman County, Alabama

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Housing Prices in Hanceville, AL

How much do homes in Hanceville, AL cost?

Housing Market Conditions

Is Hanceville, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hanceville is a Buyer's Market

Difference Since January 2024

At the same time last year, Hanceville was a Seller's Market.

Insight

Hanceville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$196,700$143/SqFt
-$35,500
-15.3%

Based on all homes sold in the last 12 months

Insight

Homes in Hanceville have sold for 15.3% less than they did a year ago.

Summary: The median home sold price in Hanceville was $196,700 in January 2025, down 15.3% from last year, and the median price per square foot was $143.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$162.5K$100.9K
-37.9%
3$206.5K$200K
-3.1%
4$260.9K$225K
-13.8%
5$259.9K$325K
+25.0%

Summary: Hanceville housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -37.9%. The home price for 3 bedroom homes decreased by -3.1%. The home price for 4 bedroom homes decreased by -13.8%. The home price for 5 bedroom homes increased by +25.0%.

Housing supply in Hanceville, AL

How many homes are available in Hanceville, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
67Last MonthJan 2025
602 months agoDec 2024
+11.7 %
Change MoMDec – Jan

Summary: The Hanceville real estate market had 67 homes for sale in Jan 2025, a 11.7 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthJan 2025
62 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
277
0.0%
34047
+17.5%
4910
+11.1%
543
-25.0%

Summary: Hanceville housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +17.5%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Hanceville, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Hanceville, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hanceville in January 2025, the same as the previous month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and and 83% were sold over asking.

Days on Market for Hanceville, AL

How long does it take to sell a home in Hanceville, AL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in Hanceville are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 6 homes were sold in Hanceville; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
44 DaysThis YearJan 2025
58 Days1 year agoJan 2024
-23.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Hanceville had an average listing age of 44 days in Jan 2025, down by 23.9% compared to the previous year.

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Newest Listings in Hanceville, AL

What homes are available in Hanceville, AL?

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Nearby markets aren't available for Hanceville, AL

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Based on information from Greater Alabama MLS, Strategic MLS Alliance, ValleyMLS, First Multiple Listing Service Inc., and Walker Area Multiple Listing Service for the period 02/01/2023 - 02/01/2025

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Last updated on: 2/22/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Walker Area Association of Realtors for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © Walker Area Association of Realtors 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 9:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.