Bancroft Real Estate Statistics

Bancroft real estate average sold price in the last 30 days (March 20 - April 18) was $367,500, which is $8,000 (2.2%) lower than the average price of $375,500 in the previous 30 day period (February 19 - March 19), and $374,500 (101.9%) down from the same period 1 year ago ($742,000). Bancroft real estate prices over the last 30 days are also $265,654 (72.3%) lower than the average selling price of $633,154 over the past year.

Bancroft average sold price for homes was $367,500 in the last 30 days (March 20 - April 18), which is $8,000 (2.2%) down from the average home price of $375,500 in the previous 30 day period (February 19 - March 19), and $443,750 (120.7%) lower than the same period 1 year ago ($811,250). In the last 30 days Bancroft the average home price was $263,916 (71.8%) lower than the average selling price of $631,416 over the last 12 months.

Average selling price for Bancroft real estate was $367,500 in the last 30 days (March 20 - April 18), which is collectively $16,975 (1.7%) lower than the average asking price of $1,000,399. This represents an increase of $1,975 (10.4%) compared to $18,950 (2.5%) Sold-Under-Asking price from the previous 30 day period (February 19 - March 19).

The maximum Sold Over/Under Asking ratio in Bancroft during the last 12 months was recorded in October, 2023 with an average of $3,240 over the asking price, while the minimum occurring in December, 2023 with $249,900 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 57.1% with 4 properties sold and 6 new properties listed in the past 30 days (March 20 - April 18). This represents an increase from 33.3% recorded during the previous 30 day period (February 19 - March 19), and a decrease from 62.5% compared to the same period one year ago.

Over the the last year the highest SNLR in Bancroft was 34,600.0% recorded in July and the lowest was in December at 25.0%. 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 4 properties that were successfully sold in Bancroft in the last 30 days (March 20 - April 18) was 88 days, which is 66 days more than 22 days average in the previous 30 day period (February 19 - March 19) and 63 days longer than during the same period a year ago (25 days).

There were 5 delisted properties in Bancroft, those that got either Expired, Suspended or Terminated over the last 30 days (March 20 - April 18) with an average of 152 days on the market. This is 84 days longer than the average of 68 days during the previous 30 day period (February 19 - March 19) and 109 days more compared to the same period last year average of 43 days on the market.

5 Bancroft properties that didn't sell stayed on the market 72.7% longer than 4 that sucessfully sold over the last 30 days - 88 days when sold vs 152 days when delisted respectively.

Average Days on the Market in Bancroft over the past 12 months for properties that have sold was 54.7 days, with 76.8 days for those properties that did not sell.

7 new properties were listed on the market in Bancroft in the last 30 days (March 20 - April 18). During the same time 4 properties were sold and 5 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 2 properties (or 28.6%).

During the previous 30 day period (February 19 - March 19) there were 6 new properties listed, 2 sold and 4 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 12 new properties listed, the slowest - June with 4 new listings and a yearly average of 6 new listings per month.

There were a total of 7 homes listed during the last 30 days (March 20 - April 18), which is 100.0% of all properties listed in Bancroft. This is a 16.7% increase compared with a previous 30 day period (February 19 - March 19) and 12.5% down from the same period a year ago. Over the past year an average of 6 homes are were listed per month.

There were a total of 4 homes sold during the last 30 days (March 20 - April 18), which is 100.0% of all properties sold in Bancroft. This is a 100.0% increase compared with a previous 30 day period (February 19 - March 19) and 0.0% down from the same period a year ago. Over the past year an average of 149 homes are were sold per month.