Is Parkhill, 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, Parkhill was a Buyer's Market.
Housing Prices in Parkhill, AL
How much do homes in Parkhill, AL cost?
Median Sold Price
$325,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Parkhill was $325,000 in April 2024, up 16.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150K | $178K | +18.7% |
3 Bedrooms | $290K | $225K | -22.4% |
4 Bedrooms | $527.5K | $680K | +28.9% |
5+ Bedrooms | - | $910K | N/A |
Summary: Parkhill 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 increased by 18.7%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
College Park | $256K | $376K | +46.9% |
Parkhill | $279.5K | $325K | +16.3% |
Country Club | $730K | $718K | -1.6% |
Housing Supply in Parkhill, AL
How many homes are available in Parkhill, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Summary: The Parkhill real estate market had 33 homes for sale in April 2024, a 32.0% increase 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 | 6 | 9 | +50.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Parkhill 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 50%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 8 | +700.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Parkhill in April 2024, up by 700.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Parkhill, AL
How long does it take to sell a home in Parkhill, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Parkhill; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.