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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irondale is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Irondale was a Buyer's Market.

Key Takeaway

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

Housing Prices in Irondale, AL

How much do homes in Irondale, AL cost?

Median Sold Price

$309,593

$161/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$54,593(+21.4%)

Key Takeaway

Homes in Irondale have sold for 21.4% more than they did a month ago.

Summary: The median home sold price in Irondale was $309,593 in September 2024, up 21.4% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $149.5K$125K
-16.4%
3 $358.2K$317.5K
-11.4%
4 $255K$360K
+41.2%
5+ --
N/A

Summary: Irondale housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Irondale
+21.4%
Birmingham
+11.4%
Mountain Brook
+10.4%
Trussville
-3.4%
Leeds
-12.3%

Housing Supply in Irondale, AL

How many homes are available in Irondale, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5379+49.1%

Summary: The Irondale real estate market had 79 homes for sale in September 2024, a 49.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 2944
+51.7%
4 1220
+66.7%
5+ 11
0.0%

Summary: The Irondale housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 51.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
516+220.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Irondale, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Irondale in September 2024, up by 220.0% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.

Days on Market for Irondale, AL

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

Average Sale Time

Aug 2024Sep 2024CHANGE
47 Days39 Days-17.5%

Summary: Homes in Irondale had an average of 39 days on market in Sep 2024, down by 17.5% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 16 homes were sold in Irondale; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% 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 30 Days Ago

Newest Listings in Irondale, AL

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