Hanceville's real estate market is currently hot with low inventory and high demand. Home prices have decreased 2.5% in the past month. With 2.4 months of supply, Hanceville's inventory levels remain relatively tight. Homes are now taking an average of 42 days to sell, significantly longer than the 25 days typical for this market. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Hanceville market with the affordability index at 350.9. Based on current market indicators, home prices in Hanceville are projected to increase by approximately 5.6% over the next month.