Is Spring Garden, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Garden is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Spring Garden was a Seller's Market.

Key Takeaway

Spring Garden is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Spring Garden, AL

How much do homes in Spring Garden, AL cost?

Median Sold Price

$260,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+8.3%)

Key Takeaway

Homes in Spring Garden have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Spring Garden was $260,000 in November 2024, up 8.3% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $240K$139K
-42.1%
2 $220K$250K
+13.6%
3 $240K$260K
+8.3%
4 $450K$559K
+24.2%
5+ -$275K
N/A

Summary: Spring Garden housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.1%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spring Garden
+8.3%
Cedar Bluff-Gaylesville
-10.1%

Housing Supply in Spring Garden, AL

How many homes are available in Spring Garden, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2825-10.7%

Summary: The Spring Garden real estate market had 25 homes for sale in November 2024, a 10.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 53
-40.0%
3 2019
-5.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Spring Garden housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Garden, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Spring Garden in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Spring Garden, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Spring Garden, AL

Nearby Markets to Spring Garden, AL

What housing markets are near Spring Garden, AL?