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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parkhill is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Parkhill was a Neutral Market.

Key Takeaway

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

Housing Prices in Parkhill, AL

How much do homes in Parkhill, AL cost?

Median Sold Price

$290,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$19,537(-6.3%)

Key Takeaway

Homes in Parkhill have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in Parkhill was $290,000 in February 2024, down 6.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $150K$164K
+9.3%
3 $295.1K$227.5K
-22.9%
4 $557K$511.2K
-8.2%
5+ -$1.0M
N/A

Summary: Parkhill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes did not change.

Housing Supply in Parkhill, AL

How many homes are available in Parkhill, AL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2529+16.0%

Summary: The Parkhill real estate market had 29 homes for sale in February 2024, a 16.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 43
-25.0%
4 912
+33.3%
5+ 99
0.0%

Summary: The Parkhill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parkhill, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Parkhill in February 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Parkhill, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Parkhill, AL

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