Is Gardendale, 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, Gardendale was a Buyer's Market.
Key Takeaway
Gardendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gardendale, AL
How much do homes in Gardendale, AL cost?
Median Sold Price
$245,000
$160/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Gardendale have sold for 26.4% less than they did a month ago.
Summary: The median home sold price in Gardendale was $245,000 in April 2024, down 26.4% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $220K | N/A |
| 3 Bedrooms | $261.4K | $235K | -10.1% |
| 4 Bedrooms | $360K | $422.5K | +17.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gardendale housing prices by bedroom type for April 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 10.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes did not change.
Housing Supply in Gardendale, AL
How many homes are available in Gardendale, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 46 | +76.9% |
Summary: The Gardendale real estate market had 46 homes for sale in April 2024, a 76.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 14 | 24 | +71.4% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Gardendale 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 increased by 40%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 13 | +333.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gardendale, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Gardendale in April 2024, up by 333.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Gardendale, AL
How long does it take to sell a home in Gardendale, AL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 27 Days | -62.5% |
Summary: Homes in Gardendale had an average of 27 days on market in Apr 2024, down by 62.5% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gardendale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Gardendale; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
