$4,216 Closing Credit*
$354,999
1,924 SqFt
4 Beds
•3 Full Baths
Charles Gagliano, Listing Office: Classic Realty Groups
Is Alabaster, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Alabaster was a Buyer's Market.
Key Takeaway
Alabaster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alabaster, AL
How much do homes in Alabaster, AL cost?
Median Sold Price
$285,000
$158/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$24,900(-8.0%)
Key Takeaway
Homes in Alabaster have sold for 8% less than they did a month ago.
Summary: The median home sold price in Alabaster was $285,000 in September 2024, down 8% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $201.2K | N/A |
| 3 Bedrooms | $277K | $239.9K | -13.4% |
| 4 Bedrooms | $377.5K | $350K | -7.3% |
| 5+ Bedrooms | $380K | $444.9K | +17.1% |
Summary: Alabaster housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Maylene | $337.4K | $449.9K | +33.3% |
| Alabaster-Helena | $352.4K | $345K | -2.1% |
| Alabaster | $309.9K | $285K | -8.0% |
| Helena | $360K | $330K | -8.3% |
Housing Supply in Alabaster, AL
How many homes are available in Alabaster, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 117 | 148 | +26.5% |
Summary: The Alabaster real estate market had 148 homes for sale in September 2024, a 26.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 55 | 68 | +23.6% |
| 4 Bedrooms | 43 | 58 | +34.9% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Alabaster housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 30 | +172.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alabaster, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Alabaster in September 2024, up by 172.7% month-over-month. Of the 30 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for Alabaster, AL
How long does it take to sell a home in Alabaster, AL?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 33 Days | 38 Days | +16.5% |
Summary: Homes in Alabaster had an average of 38 days on market in Sep 2024, up by 16.5% compared to last month.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alabaster are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 30 homes were sold in Alabaster; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
