Comprehensive market data and analysis• Updated Dec 2025
52.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 3 | 5 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | 2 | 2 |
| 5-10 acres | - | - | 1 | 2 |
| 10-20 acres | - | 2 | 2 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 9 | 13 |
Acreage buckets
The median price for land in Hancock, Michigan is currently $36K per acre. For a typical parcel, the median sale price is $42K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $20K while premium lots reached $140K.
Hancock, Michigan is currently a strong buyer's market with 52.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Hancock, Michigan currently has 52.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Hancock, Michigan saw 13 properties sold, totaling $1.5M in sales volume. In just the last 3 months, 2 properties changed hands.
Land in Hancock, Michigan typically sells within 150 days of listing. The median time on market is 168 days. Properties are moving slowly in the current strong buyer's market.
The median land price in Hancock, Michigan stands at $42K. This translates to roughly $36K per acre for the typical parcel size. The average price is $119K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Hancock, Michigan is 1.9%. The 12-month rate is 3.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
