$474 Closing Credit*
$39,900
1,142 SqFt
3 Beds
•3 Full Baths
Bart Stanley, Listing Office: Home Team Realty
Is Margaret, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Margaret was a Seller's Market.
Key Takeaway
Margaret 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 Margaret, AL
How much do homes in Margaret, AL cost?
Median Sold Price
$226,000
$151/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$1,000(+0.4%)
Key Takeaway
The sold price of homes in Margaret has remained the same since last month.
Summary: The median home sold price in Margaret was $226,000 in November 2024, up 0.4% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $222.7K | $222.5K | -0.1% |
| 4 Bedrooms | $262K | $301.9K | +15.2% |
| 5+ Bedrooms | - | $308.8K | N/A |
Summary: Margaret housing prices by bedroom type for November 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 decreased by 0.1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Odenville | $227.5K | $288.8K | +27.0% |
| Argo | $230K | $276.2K | +20.1% |
| Margaret | $225K | $226K | 0.4% |
Housing Supply in Margaret, AL
How many homes are available in Margaret, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Margaret real estate market had 44 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Margaret 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 decreased by 16.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Margaret, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Margaret in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Margaret, AL
How long does it take to sell a home in Margaret, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 11 Days | -80.6% |
Summary: Homes in Margaret had an average of 11 days on market in Nov 2024, down by 80.6% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Margaret are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Margaret; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
