Is Elberta, 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, Elberta was a Seller's Market.
Housing Prices in Elberta, AL
How much do homes in Elberta, AL cost?
Median Sold Price
$336,800
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elberta was $336,800 in April 2024, down 28.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $360K | -6.5% |
2 Bedrooms | $227.5K | $280K | +23.1% |
3 Bedrooms | $374.5K | $321.5K | -14.2% |
4 Bedrooms | $600K | $327.8K | -45.4% |
5+ Bedrooms | $777.5K | $943.7K | +21.4% |
Summary: Elberta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 45.4%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in Elberta, AL
How many homes are available in Elberta, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 73 | +2.8% |
Summary: The Elberta real estate market had 73 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 29 | 29 | 0.0% |
4 Bedrooms | 29 | 31 | +6.9% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Elberta 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Elberta in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Elberta, AL
We’re sorry, we don't have information for this market at the moment