Comprehensive market data and analysis• Updated Dec 2025
23.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 3 | 3 | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 3 | 4 |
Acreage buckets
The median price for land in Hancock, Minnesota is currently $49K per acre. For a typical parcel, the median sale price is $33K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $33K while premium lots reached $84K.
Hancock, Minnesota is currently a strong buyer's market with 23.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Hancock, Minnesota currently has 23.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Hancock, Minnesota averages $39K per acre. The median price per acre is $49K, which may be more representative of typical transactions. Most parcels sold are around 29,185 sq ft.
The median land price in Hancock, Minnesota stands at $33K. This translates to roughly $49K per acre for the typical parcel size. The average price is $51K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Hancock, Minnesota is 4.3%. The 12-month rate is 1.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Hancock, Minnesota is 4.3% (3-month basis), indicating slow demand. The top-performing broker in this market is Counselor Realty Inc of Alex.
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.
