Is Spanish Fort, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Spanish Fort was a Seller's Market.
Key Takeaway
Spanish Fort is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spanish Fort, AL
How much do homes in Spanish Fort, AL cost?
Median Sold Price
$348,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spanish Fort have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Spanish Fort was $348,500 in March 2024, up 3.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202.5K | $210.2K | +3.8% |
| 3 Bedrooms | $281K | $296.4K | +5.5% |
| 4 Bedrooms | $363K | $375.3K | +3.4% |
| 5+ Bedrooms | $517.5K | $605K | +16.9% |
Summary: Spanish Fort 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 3.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 16.9%.
Housing Supply in Spanish Fort, AL
How many homes are available in Spanish Fort, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 97 | +27.6% |
Summary: The Spanish Fort real estate market had 97 homes for sale in March 2024, a 27.6% 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 | 4 | +33.3% |
| 3 Bedrooms | 28 | 40 | +42.9% |
| 4 Bedrooms | 35 | 41 | +17.1% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Spanish Fort 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 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Spanish Fort, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Spanish Fort in March 2024, down by 9.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% 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
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