Housing Prices in Pelham, AL
How much do homes in Pelham, AL cost?
Median List Price
$482,950
$181/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Pelham has increased by 48.6% since last year.
Summary: The median home list price in Pelham was $482,950 in April 2024, up 48.6% from the previous year, and the median price per square foot was $181.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $226.5K | +5.3% |
| 3 Bedrooms | $274.4K | $284.9K | +3.8% |
| 4 Bedrooms | $464.9K | $524.9K | +12.9% |
| 5+ Bedrooms | $548K | $589.9K | +7.6% |
Summary: Pelham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 7.6%.
Median List Price Compared To Nearby Cities
| Pelham | $325K | $482.9K | +48.6% |
| Alabaster-Helena | $312.4K | $395.9K | +26.7% |
Housing Supply in Pelham, AL
How many homes are available in Pelham, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 132 | +78.4% |
Summary: The Pelham real estate market had 132 homes for sale in April 2024, a 78.4% 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 | 4 | 13 | +225.0% |
| 3 Bedrooms | 15 | 32 | +113.3% |
| 4 Bedrooms | 46 | 68 | +47.8% |
| 5+ Bedrooms | 9 | 19 | +111.1% |
Summary: The Pelham 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 225%, 3 bedroom homes increased by 113.3%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes increased by 111.1%.
Days on Market for Pelham, AL
How long does it take to sell a home in Pelham, AL?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 310 Days | 104 Days | -66.5% |
Summary: Homes in Pelham had an average listing age of 104 days in Apr 2024, down by 66.5% compared to the previous year.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 