Is Limestone County, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Limestone County is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Limestone County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Limestone County, AL

How much do homes in Limestone County, AL cost?

Median Sold Price

$328,297

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$3,300(-1.0%)

Key Takeaway

Homes in Limestone County have sold for 1% less than they did a year ago.

Summary: The median home sold price in Limestone County was $328,297 in September 2024, down 1% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $90K$92K
+2.2%
2 $228K$222.5K
-2.4%
3 $284.2K$280K
-1.5%
4 $383K$379.7K
-0.9%
5+ $535.1K$547.9K
+2.4%

Summary: Limestone County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Counties

Lincoln County
+5.3%
Giles County
+1.6%
Madison County
+0.6%
Morgan County
0.5%
Limestone County
-1.0%

Housing Supply in Limestone County, AL

How many homes are available in Limestone County, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
887894+0.8%

Summary: The Limestone County real estate market had 894 homes for sale in September 2024, a 0.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 2628
+7.7%
3 381387
+1.6%
4 384382
-0.5%
5+ 9495
+1.1%

Summary: The Limestone County 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 7.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 1.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
142122-14.1%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Limestone County, expect to pay close to the asking price. 41.8% of homes here sold near the asking price last month.

Summary: A total of 122 homes were sold or pending in Limestone County in September 2024, down by 14.1% month-over-month. Of the 122 sold homes, 41% were sold under asking, 42% were sold at asking, and 17% were sold over asking.

Days on Market for Limestone County, AL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
48 Days158 Days+229.2%

Summary: Homes in Limestone County had an average of 158 days on market in Sep 2024, up by 229.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Limestone County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 122 homes were sold in Limestone County; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 2% 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 Sep 1, 2024

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