Is Hannibal, NY 13074 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Hannibal is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.8Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list102.8%Sold price ÷ list price
Median days on market5Listing to accepted offer
Median price per sq ft$192▲ +45.4% vs. last year

The Hannibal housing market right now

In the three months ending August 31, 2026, 25% of homes in Hannibal, NY 13074 sold above their list price, the typical home went under contract in 5 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold faster (10 days then) and the median sale price fell 3% to $263,336. Overall, Hannibal is less competitive than a year ago, which gives buyers more room.

Within Oswego County, homes here sell faster than in 90% of the county’s ZIP codes, and sell less often over asking than in 90%.

Nearby, buyers who want less competition could look at Redfield 13437 (0% sold over asking) or Altmar 13302 (0% sold over asking), while Mallory 13103 (100% sold over asking) and Minetto 13115 (100% sold over asking) are even more competitive.

Nearby markets

Altmar 13302Buyer’s market $289 /sq ftBernhards Bay 13028Buyer’s market $275 /sq ftCentral Square 13036Seller’s market $182 /sq ftConstantia 13044Seller’s market $161 /sq ft Browse all markets →

Where Hannibal is

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Questions about Hannibal real estate

Is Hannibal a buyer’s or seller’s market?

A balanced market: there were 4.8 months of supply in Hannibal, NY 13074 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Hannibal?

The typical home went under contract in 5 days in the latest three months.

Do homes in Hannibal sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 102.8% of the list price.

What are property taxes in Hannibal?

About 2.40% of a home’s value a year in Oswego County, or roughly $9,600 on a $400,000 home.

What is the median home price in Hannibal?

The median sale price was $263,336 in the three months ending August 31, 2026, about $192 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology