Is Altoona, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Altoona is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Altoona was a Buyer's Market.

Key Takeaway

Altoona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Altoona, AL

How much do homes in Altoona, AL cost?

Median Sold Price

$310,000

$116/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$90,000(+40.9%)

Key Takeaway

Homes in Altoona have sold for 40.9% more than they did a month ago.

Summary: The median home sold price in Altoona was $310,000 in February 2024, up 40.9% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $220K-
N/A
4 -$310K
N/A
5+ --
N/A

Summary: Altoona housing prices by bedroom type for February 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Altoona, AL

How many homes are available in Altoona, AL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
810+25.0%

Summary: The Altoona real estate market had 10 homes for sale in February 2024, a 25.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 00
0.0%
3 44
0.0%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Altoona housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Altoona, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Altoona in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Altoona, AL

How long does it take to sell a home in Altoona, AL?

Average Sale Time

Jan 2024Feb 2024CHANGE
11 Days194 Days+1663.6%

Summary: Homes in Altoona had an average of 194 days on market in Feb 2024, up by 1663.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Altoona are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 2 homes were sold in Altoona; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Altoona, AL

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