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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gardendale is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Gardendale has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gardendale, AL

How much do homes in Gardendale, AL cost?

Median Sold Price

$298,685

$146/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$8,685(+3.0%)

Key Takeaway

Homes in Gardendale have sold for 3% more than they did a month ago.

Summary: The median home sold price in Gardendale was $298,685 in February 2024, up 3% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$182.5K
N/A
3 $276K$321.8K
+16.6%
4 $304K$328.6K
+8.1%
5+ -$404.3K
N/A

Summary: Gardendale 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 increased by 16.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mount Olive
+14.5%
Gardendale
+3.0%
Fultondale
-9.6%

Housing Supply in Gardendale, AL

How many homes are available in Gardendale, AL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7278+8.3%

Summary: The Gardendale real estate market had 78 homes for sale in February 2024, a 8.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 77
0.0%
3 3844
+15.8%
4 2222
0.0%
5+ 55
0.0%

Summary: The Gardendale 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 increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardendale, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Gardendale in February 2024, up by 50.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Gardendale, AL

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

Average Sale Time

Jan 2024Feb 2024CHANGE
45 Days34 Days-22.9%

Summary: Homes in Gardendale had an average of 34 days on market in Feb 2024, down by 22.9% compared to last month.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gardendale are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 21 homes were sold in Gardendale; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% 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 Gardendale, AL

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