Is Elberta, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Elberta was a Buyer's Market.
Housing Prices in Elberta, AL
How much do homes in Elberta, AL cost?
Median Sold Price
$360,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elberta was $360,000 in March 2024, down 20.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $367.5K | N/A |
2 Bedrooms | $180K | $296.4K | +64.7% |
3 Bedrooms | $340K | $318K | -6.5% |
4 Bedrooms | $585K | $344K | -41.2% |
5+ Bedrooms | $760K | $943.7K | +24.2% |
Summary: Elberta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 64.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes increased by 24.2%.
Housing Supply in Elberta, AL
How many homes are available in Elberta, AL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 76 | +10.1% |
Summary: The Elberta real estate market had 76 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Elberta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Elberta in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Elberta, AL
We’re sorry, we don't have information for this market at the moment