Bancroft Real Estate Statistics

Bancroft real estate average sold price in the last 30 days (October 21 - November 19) was $406,357, which is $117,393 (28.9%) lower than the average price of $523,750 in the previous 30 day period (September 21 - October 20), and $71,643 (17.6%) down from the same period 1 year ago ($478,000). Bancroft real estate prices over the last 30 days are also $260,512 (64.1%) lower than the average selling price of $666,868 over the past year.

Bancroft average sold price for homes was $406,357 in the last 30 days (October 21 - November 19), which is $117,393 (28.9%) down from the average home price of $523,750 in the previous 30 day period (September 21 - October 20), and $71,643 (17.6%) lower than the same period 1 year ago ($478,000). In the last 30 days Bancroft the average home price was $264,374 (65.1%) lower than the average selling price of $670,731 over the last 12 months.

Average selling price for Bancroft real estate was $406,357 in the last 30 days (October 21 - November 19), which is collectively $15,586 (2.8%) lower than the average asking price of $551,772. This represents an increase of $14,164 (47.6%) compared to $29,750 (5.5%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Bancroft during the last 12 months was recorded in January, 2024 with an average of $2,971 under 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 81.8% with 9 properties sold and 8 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 50.0% recorded during the previous 30 day period (September 21 - October 20), and a decrease from 166.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Bancroft was 140.0% recorded in January 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 9 properties that were successfully sold in Bancroft in the last 30 days (October 21 - November 19) was 65 days, which is 18 days more than 47 days average in the previous 30 day period (September 21 - October 20) and 6 days longer than during the same period a year ago (59 days).

There were 17 delisted properties in Bancroft, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 115 days on the market. This is 0 days longer than the average of 115 days during the previous 30 day period (September 21 - October 20) and 32 days more compared to the same period last year average of 83 days on the market.

17 Bancroft properties that didn't sell stayed on the market 76.9% longer than 9 that sucessfully sold over the last 30 days - 65 days when sold vs 115 days when delisted respectively.

Average Days on the Market in Bancroft over the past 12 months for properties that have sold was 61.1 days, with 96.9 days for those properties that did not sell.

11 new properties were listed on the market in Bancroft in the last 30 days (October 21 - November 19). During the same time 9 properties were sold and 17 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 15 properties (or 136.4%).

During the previous 30 day period (September 21 - October 20) there were 8 new properties listed, 4 sold and 16 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 - December with 4 new listings and a yearly average of 11 new listings per month.

There were a total of 11 homes listed during the last 30 days (October 21 - November 19), which is 100.0% of all properties listed in Bancroft. This is a 37.5% increase compared with a previous 30 day period (September 21 - October 20) and 266.7% up from the same period a year ago. Over the past year an average of 11 homes are were listed per month.

There were a total of 9 homes sold during the last 30 days (October 21 - November 19), which is 100.0% of all properties sold in Bancroft. This is a 125.0% increase compared with a previous 30 day period (September 21 - October 20) and 80.0% up from the same period a year ago. Over the past year an average of 6 homes are were sold per month.