Is Elmore, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elmore has remained a Seller's Market.
Housing Prices in Elmore, AL
How much do homes in Elmore, AL cost?
Median Sold Price
$241,579
$139/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Elmore was $241,579 in March 2024, up 4.2% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $219.5K | $202.4K | -7.7% |
4 Bedrooms | $245K | $243.9K | -0.4% |
5+ Bedrooms | - | - | N/A |
Summary: Elmore housing prices by bedroom type for March 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 7.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
Housing Supply in Elmore, AL
How many homes are available in Elmore, AL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The Elmore real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elmore 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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Elmore in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Elmore, AL
How long does it take to sell a home in Elmore, AL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 26 Days | -64.8% |
Summary: Homes in Elmore had an average of 26 days on market in Mar 2024, down by 64.8% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Elmore; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.