Is Sylacauga, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sylacauga is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Sylacauga was a Buyer's Market.

Key Takeaway

Sylacauga is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sylacauga, AL

How much do homes in Sylacauga, AL cost?

Median Sold Price

$146,500

$104/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$16,000(-9.8%)

Key Takeaway

Homes in Sylacauga have sold for 9.8% less than they did a month ago.

Summary: The median home sold price in Sylacauga was $146,500 in February 2024, down 9.8% from last month, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $140K$91.5K
-34.6%
3 $189K$146.5K
-22.5%
4 $145K-
N/A
5+ -$347K
N/A

Summary: Sylacauga housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.6%, 3 bedroom homes decreased by 22.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Childersburg
+120.0%
Sylacauga
-9.8%
Sylacauga
-9.8%

Housing Supply in Sylacauga, AL

How many homes are available in Sylacauga, AL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7988+11.4%

Summary: The Sylacauga real estate market had 88 homes for sale in February 2024, a 11.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 1916
-15.8%
3 4650
+8.7%
4 813
+62.5%
5+ 68
+33.3%

Summary: The Sylacauga housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sylacauga, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Sylacauga in February 2024, up by 62.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.

Days on Market for Sylacauga, AL

How long does it take to sell a home in Sylacauga, AL?

Average Sale Time

Jan 2024Feb 2024CHANGE
35 Days51 Days+45.2%

Summary: Homes in Sylacauga had an average of 51 days on market in Feb 2024, up by 45.2% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sylacauga has remained consistent over time.

Summary: During February 2024, 13 homes were sold in Sylacauga; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Sylacauga, AL

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