Is Prattville, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Prattville has remained a Seller's Market.
Key Takeaway
Prattville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Prattville, AL cost?
Median Sold Price
$241,940
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$26,944(+12.5%)
Key Takeaway
Homes in Prattville have sold for 12.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $118.3K | -1.4% |
| 3 Bedrooms | $177.5K | $199.9K | +12.6% |
| 4 Bedrooms | $264.9K | $295K | +11.4% |
| 5+ Bedrooms | $416.2K | $500K | +20.1% |
Median Sold Price Compared To Nearby Cities
| Prattville | $214.9K | $241.9K | +12.5% |
| Millbrook | $190.5K | $210K | +10.2% |
How many homes are available in Prattville, AL?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 177 | 186 | +5.1% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 63 | 64 | +1.6% |
| 4 Bedrooms | 92 | 99 | +7.6% |
| 5+ Bedrooms | 22 | 21 | -4.5% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 42 | 56 | +33.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prattville, expect to pay close to the asking price. 44.6% of homes here sold near the asking price last month.
How long does it take to sell a home in Prattville, AL?
How long does it take to sell a home in Prattville, AL?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 39 Days | 53 Days | +34.2% |
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Prattville has remained consistent over time.
Listing Information Copyright 2023 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. 