Is Pike Road, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pike Road was a Neutral Market.
Key Takeaway
Pike Road is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pike Road, AL
How much do homes in Pike Road, AL cost?
Median Sold Price
$355,797
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pike Road have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Pike Road was $355,797 in April 2024, down 2.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $153K | $185K | +20.9% |
| 3 Bedrooms | $372.7K | $269.9K | -27.6% |
| 4 Bedrooms | $352.6K | $410K | +16.3% |
| 5+ Bedrooms | $573K | - | N/A |
Summary: Pike Road 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 increased by 20.9%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mount Meigs | $293K | $303.5K | +3.6% |
| Montgomery | $170.7K | $174.4K | +2.2% |
| Pike Road | $364.9K | $355.7K | -2.5% |
Housing Supply in Pike Road, AL
How many homes are available in Pike Road, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Summary: The Pike Road real estate market had 15 homes for sale in April 2024, a 50.0% increase 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 | 1 | 3 | +200.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Pike Road 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 200%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pike Road, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pike Road in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Pike Road, AL
How long does it take to sell a home in Pike Road, AL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 243 Days | 66 Days | -72.8% |
Summary: Homes in Pike Road had an average of 66 days on market in Apr 2024, down by 72.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pike Road are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Pike Road; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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