Is Gardendale, 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, Gardendale has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $182.5K | N/A |
3 Bedrooms | $276K | $321.8K | +16.6% |
4 Bedrooms | $304K | $328.6K | +8.1% |
5+ Bedrooms | - | $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 | $273.9K | $313.6K | +14.5% |
Gardendale | $290K | $298.6K | +3.0% |
Fultondale | $235K | $212.4K | -9.6% |
Housing Supply in Gardendale, AL
How many homes are available in Gardendale, AL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
72 | 78 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 38 | 44 | +15.8% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 5 | 5 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 21 | +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
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 2024 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 34 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
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.