Is College Park, 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, College Park has remained a Seller's Market.
Key Takeaway
College Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in College Park, AL
How much do homes in College Park, AL cost?
Median Sold Price
$376,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in College Park have sold for 46.9% more than they did a year ago.
Summary: The median home sold price in College Park was $376,000 in May 2024, up 46.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $135K | +28.6% |
| 2 Bedrooms | $209.4K | $377.5K | +80.2% |
| 3 Bedrooms | $360.3K | $351.5K | -2.5% |
| 4 Bedrooms | $428K | $509K | +18.9% |
| 5+ Bedrooms | $594.5K | $599.9K | +0.9% |
Summary: College Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 80.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| College Park | $256K | $376K | +46.9% |
| Parkhill | $290K | $306.5K | +5.7% |
Housing Supply in College Park, AL
How many homes are available in College Park, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The College Park real estate market had 32 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The College Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in College Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in College Park in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for College Park, 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.