Is Elmore, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Elmore was a Seller's Market.
Housing Prices in Elmore, AL
How much do homes in Elmore, AL cost?
Median Sold Price
$239,850
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elmore was $239,850 in April 2024, up 33.3% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.6K | - | N/A |
2 Bedrooms | $90K | - | N/A |
3 Bedrooms | $180K | $200K | +11.1% |
4 Bedrooms | $329.4K | $245.7K | -25.4% |
5+ Bedrooms | - | - | N/A |
Summary: Elmore 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 did not change, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Elmore | $180K | $239.8K | +33.3% |
Millbrook | $212.5K | $235K | +10.6% |
Housing Supply in Elmore, AL
How many homes are available in Elmore, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 13 | -35.0% |
Summary: The Elmore real estate market had 13 homes for sale in April 2024, a 35.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 8 | -38.5% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elmore 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 remained the same, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 1 | -91.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Elmore in April 2024, down by 91.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Elmore, AL
How long does it take to sell a home in Elmore, AL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 69 Days | +35.3% |
Summary: Homes in Elmore had an average of 69 days on market in Apr 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Elmore; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.