Is Pell City, 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, Pell City was a Buyer's Market.
Housing Prices in Pell City, AL
How much do homes in Pell City, AL cost?
Median Sold Price
$250,000
$134/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Pell City was $250,000 in May 2024, down 69.1% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $127.5K | N/A |
3 Bedrooms | $810K | $250K | -69.1% |
4 Bedrooms | - | $544.2K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Pell City housing prices by bedroom type for May 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 69.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Pell City, AL
How many homes are available in Pell City, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 53 | +76.7% |
Summary: The Pell City real estate market had 53 homes for sale in May 2024, a 76.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 17 | 33 | +94.1% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Pell City 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 increased by 25%, 3 bedroom homes increased by 94.1%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 16 | +1500.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Pell City in May 2024, up by 1500.0% month-over-month. Of the 16 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Pell City, AL
How long does it take to sell a home in Pell City, AL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 Days | 41 Days | +737.5% |
Summary: Homes in Pell City had an average of 41 days on market in May 2024, up by 737.5% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Pell City; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.