Bancroft Real Estate Statistics

Bancroft real estate average sold price in the last 30 days (January 21 - February 19) was $580,000, which is $212,800 (36.7%) higher than the average price of $367,200 in the previous 30 day period (December 22 - January 20), and $95,333 (16.4%) down from the same period 1 year ago ($675,333). Bancroft real estate prices over the last 30 days are also $93,440 (16.1%) higher than the average selling price of $486,560 over the past year.

Bancroft average sold price for homes was $580,000 in the last 30 days (January 21 - February 19), which is $212,800 (36.7%) up from the average home price of $367,200 in the previous 30 day period (December 22 - January 20), and $95,333 (16.4%) lower than the same period 1 year ago ($675,333). In the last 30 days Bancroft the average home price was $88,805 (15.3%) higher than the average selling price of $491,195 over the last 12 months.

Average selling price for Bancroft real estate was $580,000 in the last 30 days (January 21 - February 19), which is collectively $49,895 (9.0%) lower than the average asking price of $555,833. This represents a decline of $34,355 (221.1%) compared to $15,540 (3.0%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Bancroft during the last 12 months was recorded in June, 2024 with an average of $7,940 under the asking price, while the minimum occurring in August, 2024 with $44,973 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Bancroft was 33.3% with 2 properties sold and 6 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 83.3% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 128.6% compared to the same period one year ago.

Over the the last year the highest SNLR in Bancroft was 166.7% recorded in January and the lowest was in April at 33.3%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 2 properties that were successfully sold in Bancroft in the last 30 days (January 21 - February 19) was 210 days, which is 152 days more than 58 days average in the previous 30 day period (December 22 - January 20) and 117 days longer than during the same period a year ago (93 days).

There were 5 delisted properties in Bancroft, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 94 days on the market. This is 48 days shorter than the average of 142 days during the previous 30 day period (December 22 - January 20) and 4 days more compared to the same period last year average of 90 days on the market.

5 Bancroft properties that didn't sell stayed on the market 55.2% longer than 2 that sucessfully sold over the last 30 days - 210 days when sold vs 94 days when delisted respectively.

Average Days on the Market in Bancroft over the past 12 months for properties that have sold was 67.4 days, with 106.2 days for those properties that did not sell.

6 new properties were listed on the market in Bancroft in the last 30 days (January 21 - February 19). During the same time 2 properties were sold and 5 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1 properties (or 16.7%).

During the previous 30 day period (December 22 - January 20) there were 6 new properties listed, 5 sold and 10 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 26 new properties listed, the slowest - January with 3 new listings and a yearly average of 13 new listings per month.

There were a total of 6 homes listed during the last 30 days (January 21 - February 19), which is 100.0% of all properties listed in Bancroft. This is a 0.0% decline compared with a previous 30 day period (December 22 - January 20) and 14.3% down from the same period a year ago. Over the past year an average of 13 homes are were listed per month.

There were a total of 2 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Bancroft. This is a 60.0% decline compared with a previous 30 day period (December 22 - January 20) and 77.8% down from the same period a year ago. Over the past year an average of 7 homes are were sold per month.