$1,186 Closing Credit*
$99,900
1,344 SqFt
3 Beds
•1 Full Bath
Hannah McCandless, Listing Office: EXIT Realty Birmingham
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
Since last month, Sylacauga has remained a Buyer's Market.
Key Takeaway
Sylacauga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sylacauga, AL
How much do homes in Sylacauga, AL cost?
Median Sold Price
$187,000
$123/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$67,250(+56.2%)
Key Takeaway
Homes in Sylacauga have sold for 56.2% more than they did a month ago.
Summary: The median home sold price in Sylacauga was $187,000 in September 2024, up 56.2% from last month, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $17.7K | $220K | +1142.9% |
| 3 Bedrooms | $164.7K | $187K | +13.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $100K | N/A |
Summary: Sylacauga housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1142.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sylacauga, AL
How many homes are available in Sylacauga, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 50 | 64 | +28.0% |
Summary: The Sylacauga real estate market had 64 homes for sale in September 2024, a 28.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 30 | 41 | +36.7% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sylacauga housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 36.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sylacauga, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Sylacauga in September 2024, up by 50.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 43 Days | 48 Days | +11.5% |
Summary: Homes in Sylacauga had an average of 48 days on market in Sep 2024, up by 11.5% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sylacauga are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Sylacauga; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
