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Featured local agent — Hancock, MI
Sarah Mitchell
Compass Real Estate · Hancock, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hancock, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$219,500median sale price
How is the Hancock, MI housing market right now?
The median home sale price in Hancock, MI is $219,500, up 22.1% year-over-year. Homes sell in an average of 37 days with 20 active listings. The market is currently a balanced 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 Hancock a buyer's or seller's market?
Hancock, MI is currently a balanced market, based on 5.0 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
37
Average pace
Active listings
20
5.0 months supply
Sale-to-list
101.9%
Above asking
What does the Hancock housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $219,500 |
| Median list price | $305,000 |
| Year-over-year price change | +22.1% |
| Average days on market | 37 days |
| Active inventory | 20 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 101.9% |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 12 |
| Listings with a price cut | 5.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hancock by property type?
How the Hancock, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $219,500 | $167/sq ft | 4 | 37 days |
| Condo / Co-op | $370,000 | $297/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Hancock housing market is currently classified as a balanced market with a median sale price of $219,500. Prices have risen 22.1% compared to last year, with homes spending an average of 37 days on market, indicating 5.0 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 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Hancock
There are currently 20 homes listed for sale in Hancock, Michigan. The median listing price is $305K.
Active listings
20
Homes on market
Median list price
$305K
Avg. days on market
37
Days until sale
New this week
12
Newly listed
Who lives in Hancock?
Population
4,510
Median income
$55,278/yr
Median age
31.4 years
Owner-occupied
53.5%
College grads
45.8%
Avg commute
11.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Hancock?
Zillow home value
$231,872
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Hancock?
Hancock is a community of approximately 5K residents with a median age of 31.4 years.The median household income is $55,278, which represents a working-class community with solid middle-income opportunities. 45.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 53.5%, showing a blend of owner and renter-occupied properties. The average commute time is 11.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hancock offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hancock?
4 schools tracked · 657 students
The largest public schools serving Hancock, MI 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.
Hancock MiddleHigh School
Grades 6-12 · 322 students
Barkell Elementary School
Grades K-5 · 255 students
Copper Country Learning Center
Grades PK-12 · 80 students
Career and Technical Education
Grades 9-12
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 Hancock, MI?
Want a head-to-head view? Compare Hancock side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hancock?
The median home sale price in Hancock is $219,500, up 22.1% from last year.
How long do homes stay on market in Hancock?
Homes typically spend 37 days on market before going under contract.
What is the median income in Hancock?
The median household income is $55,278 per year.
Is Hancock a buyer's or seller's market?
With 5.0 months of supply, Hancock is currently a balanced market.
What is the Zillow home value estimate for Hancock?
The Zillow Home Value Index (ZHVI) for Hancock is $231,872, representing the typical home value in the area.
What is the median condo price in Hancock?
The median condo/co-op sale price in Hancock, MI is $370,000, compared to $219,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hancock?
The median single-family home price in Hancock, MI is $219,500 (about $167 per square foot).
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