Is Loxley, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Loxley has remained a Seller's Market.
Key Takeaway
Loxley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Loxley, AL
How much do homes in Loxley, AL cost?
Median Sold Price
$344,628
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Loxley have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Loxley was $344,628 in May 2024, up 4.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | - | N/A |
| 2 Bedrooms | $264.9K | $265K | 0.0% |
| 3 Bedrooms | $265K | $275K | +3.8% |
| 4 Bedrooms | $363.9K | $361.7K | -0.6% |
| 5+ Bedrooms | $450K | $450K | 0.0% |
Summary: Loxley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.
Housing Supply in Loxley, AL
How many homes are available in Loxley, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 104 | +11.8% |
Summary: The Loxley real estate market had 104 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Loxley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 29 | +70.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loxley, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Loxley in May 2024, up by 70.6% month-over-month. Of the 26 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Loxley, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.