Housing Prices in Pelham, AL
How much do homes in Pelham, AL cost?
Median List Price
$464,900
$187/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Pelham has increased by 57.6% since last year.
Summary: The median home list price in Pelham was $464,900 in March 2024, up 57.6% from the previous year, and the median price per square foot was $187.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $229.9K | +7.0% |
| 3 Bedrooms | $279K | $299.4K | +7.3% |
| 4 Bedrooms | $425K | $499.9K | +17.6% |
| 5+ Bedrooms | $550.9K | $579.4K | +5.2% |
Summary: Pelham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in Pelham, AL
How many homes are available in Pelham, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 77 | +71.1% |
Summary: The Pelham real estate market had 77 homes for sale in March 2024, a 71.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 6 | +500.0% |
| 3 Bedrooms | 14 | 28 | +100.0% |
| 4 Bedrooms | 23 | 36 | +56.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Pelham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 500%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 56.5%, and 5+ bedroom homes remained the same.
Days on Market for Pelham, AL
How long does it take to sell a home in Pelham, AL?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 148 Days | 82 Days | -44.4% |
Summary: Homes in Pelham had an average listing age of 82 days in Mar 2024, down by 44.4% compared to the previous year.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 