$9,441 Closing Credit*
$795,000
4,500 SqFt
6 Beds
•4 Full Baths, 1 Partial
Norton Wise Team, Listing Office: Wise Living Real Estate, LLC
Is Spanish Fort, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Spanish Fort has remained a Seller's Market.
Key Takeaway
Spanish Fort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spanish Fort, AL
How much do homes in Spanish Fort, AL cost?
Median Sold Price
$384,550
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$33,550(+9.6%)
Key Takeaway
Homes in Spanish Fort have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Spanish Fort was $384,550 in September 2024, up 9.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $208K | $212K | +1.9% |
| 3 Bedrooms | $283K | $320K | +13.1% |
| 4 Bedrooms | $401K | $417K | +4.0% |
| 5+ Bedrooms | $640K | $525K | -18.0% |
Summary: Spanish Fort housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 18%.
Housing Supply in Spanish Fort, AL
How many homes are available in Spanish Fort, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 84 | 82 | -2.4% |
Summary: The Spanish Fort real estate market had 82 homes for sale in September 2024, a 2.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 36 | 36 | 0.0% |
| 4 Bedrooms | 35 | 30 | -14.3% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Spanish Fort housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spanish Fort, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Spanish Fort in September 2024, down by 21.1% month-over-month. Of the 14 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Spanish Fort, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.