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Featured local agent — Hanceville, AL
Sarah Mitchell
Compass Real Estate · Hanceville, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hanceville, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$173,000median sale price
How is the Hanceville, AL housing market right now?
The median home sale price in Hanceville, AL is $173,000, down 6.2% year-over-year. Homes sell in an average of 63 days with 12 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hanceville a buyer's or seller's market?
Hanceville, AL is currently a seller's market, based on 1.7 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
63
Average pace
Active listings
12
1.7 months supply
Sale-to-list
96.7%
Below asking
What does the Hanceville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $173,000 |
| Median list price | $185,000 |
| Year-over-year price change | -6.2% |
| Average days on market | 63 days |
| Active inventory | 12 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $132/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 3 |
| Listings with a price cut | 41.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hanceville by property type?
How the Hanceville, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $180,425 | $135/sq ft | 6 | 60 days |
| Condo / Co-op | $173,000 | $126/sq ft | 1 | 143 days |
| Townhouse | $160,000 | $109/sq ft | 1 | 185 days |
Source: Redfin · Updated monthly
The Hanceville housing market is currently classified as a seller's market with a median sale price of $173,000. Prices have fallen 6.2% compared to last year, with homes spending an average of 63 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Hanceville
There are currently 12 homes listed for sale in Hanceville, Alabama. The median listing price is $185K.
Active listings
12
Homes on market
Median list price
$185K
Avg. days on market
63
Days until sale
New this week
3
Newly listed
Who lives in Hanceville?
Population
3,255
Median income
$39,894/yr
Median age
40.8 years
Owner-occupied
53.2%
College grads
11.9%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Hanceville?
Zillow home value
$217,893
Zillow rent index
$1,127/mo
Price-to-rent ratio
16.1x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Hanceville?
Hanceville is a community of approximately 3K residents with a median age of 40.8 years.The median household income is $39,894, which represents a working-class community with solid middle-income opportunities. 11.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.2%, showing a blend of owner and renter-occupied properties. The average commute time is 27.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hanceville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hanceville?
3 schools tracked · 1,334 students
The largest public schools serving Hanceville, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Hanceville Elementary School
Grades PK-5 · 644 students
Hanceville High School
Grades 9-12 · 369 students
Hanceville Middle School
Grades 6-8 · 321 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hanceville, AL?
Want a head-to-head view? Compare Hanceville side-by-side with any other U.S. city using our market-comparison tool.
Is Hanceville a good real estate investment market?
For investors evaluating Hanceville, the price-to-rent ratio of 16.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hanceville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hanceville's median home price.
Frequently asked questions
What is the average home price in Hanceville?
The median home sale price in Hanceville is $173,000, down 6.2% from last year.
How long do homes stay on market in Hanceville?
Homes typically spend 63 days on market before going under contract.
What is the median income in Hanceville?
The median household income is $39,894 per year.
Is Hanceville a buyer's or seller's market?
With 1.7 months of supply, Hanceville is currently a seller's market.
What is the Zillow home value estimate for Hanceville?
The Zillow Home Value Index (ZHVI) for Hanceville is $217,893, representing the typical home value in the area.
What is the median condo price in Hanceville?
The median condo/co-op sale price in Hanceville, AL is $173,000, compared to $180,425 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hanceville?
The median single-family home price in Hanceville, AL is $180,425 (about $135 per square foot).
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