Is Thorsby, 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, Thorsby was a Buyer's Market.
Key Takeaway
Thorsby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thorsby, AL
How much do homes in Thorsby, AL cost?
Median Sold Price
$159,000
$131/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Thorsby have sold for 44.2% less than they did a month ago.
Summary: The median home sold price in Thorsby was $159,000 in March 2024, down 44.2% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $140K | N/A |
| 3 Bedrooms | $285K | $224.4K | -21.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Thorsby housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jemison | $183.4K | $229K | +24.9% |
| Thorsby | $285K | $159K | -44.2% |
Housing Supply in Thorsby, AL
How many homes are available in Thorsby, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Thorsby real estate market had 9 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Thorsby housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thorsby, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Thorsby in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Thorsby, AL
How long does it take to sell a home in Thorsby, AL?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 190 Days | 58 Days | -69.1% |
Summary: Homes in Thorsby had an average of 58 days on market in Mar 2024, down by 69.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Thorsby are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Thorsby; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
