Is Lillian, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lillian has remained a Seller's Market.
Key Takeaway
Lillian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lillian, AL
How much do homes in Lillian, AL cost?
Median Sold Price
$302,333
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lillian have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Lillian was $302,333 in March 2024, up 1.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.4K | $148.5K | +8.1% |
| 2 Bedrooms | $225.4K | $265K | +17.6% |
| 3 Bedrooms | $307.5K | $296.9K | -3.4% |
| 4 Bedrooms | $314K | $324K | +3.2% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Lillian housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes did not change.
Housing Supply in Lillian, AL
How many homes are available in Lillian, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Lillian real estate market had 47 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lillian housing inventory by bedroom type for March 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%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lillian, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Lillian in March 2024, up by 75.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Lillian, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.