Is Sylacauga, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Sylacauga was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140K | $91.5K | -34.6% |
3 Bedrooms | $189K | $146.5K | -22.5% |
4 Bedrooms | $145K | - | N/A |
5+ Bedrooms | - | $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 | $100K | $220K | +120.0% |
Sylacauga | $162.5K | $146.5K | -9.8% |
Sylacauga | $162.5K | $146.5K | -9.8% |
Housing Supply in Sylacauga, AL
How many homes are available in Sylacauga, AL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 | 88 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 46 | 50 | +8.7% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 6 | 8 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 13 | +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
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 2024 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 51 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
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.