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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gaylesville is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Gaylesville was a Seller's Market.

Key Takeaway

Gaylesville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Gaylesville, AL

How much do homes in Gaylesville, AL cost?

Median Sold Price

$187,500

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$92,500(-33.0%)

Key Takeaway

Homes in Gaylesville have sold for 33% less than they did a year ago.

Summary: The median home sold price in Gaylesville was $187,500 in November 2024, down 33% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$190K
+35.7%
2 $228.5K$85K
-62.8%
3 $289.5K$185K
-36.1%
4 $319K$319K
0.0%
5+ --
N/A

Summary: Gaylesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes decreased by 62.8%, 3 bedroom homes decreased by 36.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cedar Bluff-Gaylesville
-10.1%
Gaylesville
-33.0%

Housing Supply in Gaylesville, AL

How many homes are available in Gaylesville, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The Gaylesville real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 55
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Gaylesville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gaylesville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Gaylesville in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Gaylesville, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Gaylesville, AL

Nearby Markets to Gaylesville, AL