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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odenville is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Odenville was a Neutral Market.

Key Takeaway

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

Housing Prices in Odenville, AL

How much do homes in Odenville, AL cost?

Median Sold Price

$288,830

$141/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$61,330(+27.0%)

Key Takeaway

Homes in Odenville have sold for 27% more than they did a month ago.

Summary: The median home sold price in Odenville was $288,830 in November 2024, up 27% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $222.7K$238.5K
+7.1%
4 $323.5K$290.5K
-10.2%
5+ -$311.9K
N/A

Summary: Odenville 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 increased by 7.1%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Odenville
+27.0%
Margaret
0.4%
Moody
-10.5%
Springville
-15.6%

Housing Supply in Odenville, AL

How many homes are available in Odenville, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
100109+9.0%

Summary: The Odenville real estate market had 109 homes for sale in November 2024, a 9.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 5253
+1.9%
4 3844
+15.8%
5+ 911
+22.2%

Summary: The Odenville 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 increased by 1.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1621+31.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Odenville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Odenville in November 2024, up by 31.3% month-over-month. Of the 21 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% were sold over asking.

Days on Market for Odenville, AL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
54 Days37 Days-30.6%

Summary: Homes in Odenville had an average of 37 days on market in Nov 2024, down by 30.6% compared to last month.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 21 homes were sold in Odenville; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% 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 3 Days Ago

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