Comprehensive market data and analysis• Updated Oct 2026
30.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 2 | 2 |
| 1-2 acres | - | 1 | 2 | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | 2 | 2 |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 3 | 7 | 9 |
Acreage buckets
The median price for land in Hancock, Michigan is currently $53K per acre. For a typical parcel, the median sale price is $127K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $34K while premium lots reached $252K.
Hancock, Michigan is currently a strong buyer's market with 30.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Hancock, Michigan currently has 30.0 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 8 properties sold, totaling $1.0M in sales volume. In just the last 3 months, 3 properties changed hands.
Land in Hancock, Michigan typically sells within 96 days of listing. The median time on market is 77 days. Properties are moving at a moderate pace in the current strong buyer's market.
The median land price in Hancock, Michigan stands at $127K. This translates to roughly $53K per acre for the typical parcel size. The average price is $131K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Hancock, Michigan is 3.3%. The 12-month rate is 2.2%. 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Hancock on LandyDandy.
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