Is Lillian, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lillian was a Seller's Market.
Key Takeaway
Lillian is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lillian, AL
How much do homes in Lillian, AL cost?
Median Sold Price
$302,261
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lillian have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Lillian was $302,261 in May 2024, down 2.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.2K | $148.5K | -5.5% |
| 2 Bedrooms | $265K | $265K | 0.0% |
| 3 Bedrooms | $300K | $297.1K | -0.9% |
| 4 Bedrooms | $337K | $320K | -5.1% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Lillian housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Seminole | $300K | $340K | +13.3% |
| Lillian | $308.7K | $302.2K | -2.1% |
Housing Supply in Lillian, AL
How many homes are available in Lillian, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Lillian real estate market had 46 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lillian housing inventory by bedroom type for May 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 15.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lillian, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Lillian in May 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Lillian, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.