Is Foley, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Foley has remained a Seller's Market.
Housing Prices in Foley, AL
How much do homes in Foley, AL cost?
Median Sold Price
$329,978
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Foley was $329,978 in April 2024, up 6.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198.6K | $355K | +78.7% |
2 Bedrooms | $225K | $286.2K | +27.2% |
3 Bedrooms | $288.2K | $290.5K | +0.8% |
4 Bedrooms | $328.9K | $380.1K | +15.6% |
5+ Bedrooms | $461.8K | $448K | -3.0% |
Summary: Foley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.7%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
Summerdale | $270K | $300K | +11.1% |
Foley | $309.8K | $329.9K | +6.5% |
Elberta | $469.9K | $336.8K | -28.3% |
Housing Supply in Foley, AL
How many homes are available in Foley, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
418 | 416 | -0.5% |
Summary: The Foley real estate market had 416 homes for sale in April 2024, a 0.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 31 | 28 | -9.7% |
3 Bedrooms | 206 | 209 | +1.5% |
4 Bedrooms | 158 | 155 | -1.9% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Foley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 72 | -11.1% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Foley in April 2024, down by 11.1% month-over-month. Of the 64 sold homes, 61% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for Foley, AL
We’re sorry, we don't have information for this market at the moment