Is Hancock, MN 56244 a buyer’s or seller’s market?
Hancock is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Hancock housing market right now
In the three months ending August 31, 2026, 0% of homes in Hancock, MN 56244 sold above their list price and the typical home went under contract in 69 days. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (48 days then) and the median sale price fell 43% to $157,432. Overall, Hancock is less competitive than a year ago, which gives buyers more room.
Nearby, Morris 56267 (36% sold over asking) and Donnelly 56235 (25% sold over asking) are even more competitive.
Run the numbers for 56244
Nearby markets
Chokio 56221 — /sq ftDonnelly 56235Seller’s market $96 /sq ftMorris 56267Seller’s market $133 /sq ft Browse all markets →Towns like Hancock nearby
Find towns like Hancock in other states →Where Hancock is
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Questions about Hancock real estate
How fast do homes sell in Hancock?
The typical home went under contract in 69 days in the latest three months.
Do homes in Hancock sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.
What are property taxes in Hancock?
About 0.81% of a home’s value a year in Stevens County, or roughly $3,240 on a $400,000 home.
What is the median home price in Hancock?
The median sale price was $157,432 in the three months ending August 31, 2026, about $112 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