Is McGehee/Allendale, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McGehee/Allendale has remained a Seller's Market.
Housing Prices in McGehee/Allendale, AL
How much do homes in McGehee/Allendale, AL cost?
Median Sold Price
$366,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McGehee/Allendale was $366,000 in April 2024, up 11.3% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | - | N/A |
3 Bedrooms | $222.5K | $200K | -10.1% |
4 Bedrooms | $340.2K | $366K | +7.6% |
5+ Bedrooms | $500K | $585K | +17.0% |
Summary: McGehee/Allendale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
Forest Park | $71.7K | $122.2K | +70.3% |
McGehee/Allendale | $328.7K | $366K | +11.3% |
Housing Supply in McGehee/Allendale, AL
How many homes are available in McGehee/Allendale, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Summary: The McGehee/Allendale real estate market had 19 homes for sale in April 2024, a 9.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 11 | 6 | -45.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The McGehee/Allendale housing inventory by bedroom type for April 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 50%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in McGehee/Allendale in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for McGehee/Allendale, AL
How long does it take to sell a home in McGehee/Allendale, AL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
116 Days | 174 Days | +49.2% |
Summary: Homes in McGehee/Allendale had an average of 174 days on market in Apr 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in McGehee/Allendale; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.