Is Valley, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Valley has remained a Seller's Market.
Housing Prices in Valley, AL
How much do homes in Valley, AL cost?
Median Sold Price
$178,500
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Valley was $178,500 in April 2024, up 32.2% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $108.2K | $105.5K | -2.5% |
3 Bedrooms | $142K | $175K | +23.2% |
4 Bedrooms | $185K | $276.9K | +49.7% |
5+ Bedrooms | $100K | $400K | +300.0% |
Summary: Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 49.7%, and 5+ bedroom homes increased by 300%.
Median Sold Price Compared To Nearby Cities
Valley | $135K | $178.5K | +32.2% |
Lanett | $120.5K | $141.5K | +17.4% |
West Point | $198K | $220K | +11.1% |
Housing Supply in Valley, AL
How many homes are available in Valley, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Summary: The Valley real estate market had 22 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Valley in April 2024, up by 233.3% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Valley, AL
How long does it take to sell a home in Valley, AL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 42 Days | +887.7% |
Summary: Homes in Valley had an average of 42 days on market in Apr 2024, up by 887.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Valley; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.