Is Summerdale, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Summerdale has remained a Seller's Market.
Housing Prices in Summerdale, AL
How much do homes in Summerdale, AL cost?
Median Sold Price
$300,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Summerdale was $300,000 in April 2024, up 11.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $365K | N/A |
2 Bedrooms | $180K | $286.5K | +59.2% |
3 Bedrooms | $259.7K | $296.9K | +14.3% |
4 Bedrooms | $368.2K | $330K | -10.4% |
5+ Bedrooms | $760.7K | $440K | -42.2% |
Summary: Summerdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 42.2%.
Housing Supply in Summerdale, AL
How many homes are available in Summerdale, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 37 | +8.8% |
Summary: The Summerdale real estate market had 37 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Summerdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Summerdale in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Summerdale, AL
We’re sorry, we don't have information for this market at the moment