Is Foley, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Foley has remained a Seller's Market.
Key Takeaway
Foley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Foley, AL cost?
Median Sold Price
$312,435
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$39,560(+14.5%)
Key Takeaway
Homes in Foley have sold for 14.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $205K | $219.3K | +7.0% |
| 2 Bedrooms | $199.9K | $235K | +17.6% |
| 3 Bedrooms | $255.3K | $288.7K | +13.1% |
| 4 Bedrooms | $288.9K | $329.9K | +14.2% |
| 5+ Bedrooms | $402.6K | $437K | +8.5% |
Median Sold Price Compared To Nearby Cities
| Elberta | $382.5K | $495K | +29.4% |
| Foley | $272.8K | $312.4K | +14.5% |
| Summerdale | $256K | $292K | +14.1% |
How many homes are available in Foley, AL?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 265 | 251 | -5.3% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 136 | 128 | -5.9% |
| 4 Bedrooms | 93 | 86 | -7.5% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 68 | 73 | +7.4% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foley, you may be able to get a good deal. 64.4% of homes here sold below asking price last month.
How long does it take to sell a home in Foley, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Foley has remained consistent over time.
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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2023 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.