$2,197 Closing Credit¹
#50163930, BRIAN RIMPELA, Listing Office: CENTURY 21 AFFILIATED
Hancock Housing Market Report January 2025•Houghton County, Michigan
Housing Prices in Hancock, MI
How much do homes in Hancock, MI cost?
Median List Price
$242,450$148/SqFt
+$133,450
+122.4%
Based on all homes listed in the last 12 months
Insight
The list price of homes in Hancock has increased by 122.4% since last year.
Summary: The median home list price in Hancock was $242,450 in January 2025, up 122.4% from the previous year, and the median price per square foot was $148.
Median List Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Hancock | $109K | $242.4K | +122.4% |
| Quincy Township | $199.9K | $204.9K | +2.5% |
| Franklin Township | $850K | $793.5K | -6.6% |
Median List Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $109K | $169.9K | +55.9% |
| 33 Bedrooms | - | $199.9K | N/A |
| 44 Bedrooms | $120K | $289K | +140.8% |
| 55+ Bedrooms | - | $395K | N/A |
Summary: Hancock 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 increased by +55.9%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +140.8%. The home price for 5 bedroom homes did not change.
Housing supply in Hancock, MI
How many homes are available in Hancock, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthJan 2025 | ||
| 92 months agoDec 2024 | -22.2 % Change MoMDec – Jan |
Summary: The Hancock real estate market had 7 homes for sale in Jan 2025, a 22.2 % decrease compared to Dec 2024.
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 4 | 3 | -25.0% |
| 44 Bedrooms | 3 | 2 | -33.3% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Hancock 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 decreased by -25.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.
Days on Market for Hancock, MI
How long does it take to sell a home in Hancock, MI?
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 159 DaysThis YearJan 2025 | ||
| 80 Days1 year agoJan 2024 | +99.5 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Hancock had an average listing age of 159 days in Jan 2025, up by 99.5% compared to the previous year.
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Newest Listings in Hancock, MI
What homes are available in Hancock, MI?
$2,374 Closing Credit¹
#50162813, JULIE WAARA, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
$2,850 Closing Credit¹
#50159801, DANIELLE HOSKINS, Listing Office: CENTURY 21 AFFILIATED
$3,432 Closing Credit¹
#50157059, BRIAN RIMPELA, Listing Office: CENTURY 21 AFFILIATED
#50156910, DICK WALRATH, Listing Office: STATE WIDE OF HOUGHTON
$2,957 Closing Credit¹
#50151428, DAVID JUKURI, Listing Office: CENTURY 21 AFFILIATED
$3,384 Closing Credit¹
#50149263, GRETCHEN JANSSEN, Listing Office: RE/MAX DOUGLASS R.E.-H
#50113395, KRISTINE WEIDNER (JUKURI), Listing Office: CENTURY 21 AFFILIATED
#50136726, KRISTINE WEIDNER (JUKURI), Listing Office: CENTURY 21 AFFILIATED
#50136722, KRISTINE WEIDNER (JUKURI), Listing Office: CENTURY 21 AFFILIATED
#50133021, KRISTINE WEIDNER (JUKURI), Listing Office: CENTURY 21 AFFILIATED
$2,197 Closing Credit¹
#50127706, CRAIG KANGAS, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
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Nearby markets aren't available for Hancock, MI
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MLS Disclaimers and Copyright
Based on information from MiRealSource Inc. DL, for the period 02/01/2023 - 02/01/2025
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 3:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.