Is Wetumpka, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Wetumpka has remained a Seller's Market.
Housing Prices in Wetumpka, AL
How much do homes in Wetumpka, AL cost?
Median Sold Price
$274,960
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Wetumpka was $274,960 in February 2024, up 22.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $108.7K | $107.5K | -1.1% |
3 Bedrooms | $193.4K | $226.3K | +17.0% |
4 Bedrooms | $338.4K | $340K | 0.5% |
5+ Bedrooms | $359.5K | $447.4K | +24.5% |
Summary: Wetumpka housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 24.5%.
Housing Supply in Wetumpka, AL
How many homes are available in Wetumpka, AL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
112 | 134 | +19.6% |
Summary: The Wetumpka real estate market had 134 homes for sale in February 2024, a 19.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 47 | 59 | +25.5% |
4 Bedrooms | 50 | 58 | +16.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Wetumpka housing inventory by bedroom type for February 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 25.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 29 | +45.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Wetumpka in February 2024, up by 45.0% month-over-month. Of the 29 sold homes, 31% were sold under asking, 59% were sold at asking, and 10% were sold over asking.
Days on Market for Wetumpka, AL
How long does it take to sell a home in Wetumpka, AL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 61 Days | -22.4% |
Summary: Homes in Wetumpka had an average of 61 days on market in Feb 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 29 homes were sold in Wetumpka; 41% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.