Is Prattville, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Prattville, AL
How much do homes in Prattville, AL cost?
Median Sold Price
$261,266
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Prattville have sold for 12% more than they did a year ago.
Summary: The median home sold price in Prattville was $261,266 in March 2024, up 12% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $109.1K | $175K | +60.4% |
| 3 Bedrooms | $196.7K | $223.7K | +13.7% |
| 4 Bedrooms | $275K | $325K | +18.2% |
| 5+ Bedrooms | $495K | $478.5K | -3.3% |
Summary: Prattville 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 60.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Prattville | $233.1K | $261.2K | +12.0% |
| Millbrook | $212.5K | $233.5K | +9.9% |
Housing Supply in Prattville, AL
How many homes are available in Prattville, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 163 | 204 | +25.2% |
Summary: The Prattville real estate market had 204 homes for sale in March 2024, a 25.2% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 68 | 73 | +7.4% |
| 4 Bedrooms | 72 | 96 | +33.3% |
| 5+ Bedrooms | 20 | 30 | +50.0% |
Summary: The Prattville 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 66.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 44 | +46.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prattville, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Prattville in March 2024, up by 46.7% month-over-month. Of the 44 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Prattville, AL
How long does it take to sell a home in Prattville, AL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 73 Days | +47.4% |
Summary: Homes in Prattville had an average of 73 days on market in Mar 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Prattville has remained consistent over time.
Summary: During March 2024, 44 homes were sold in Prattville; 27% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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