Is Pell City, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pell City is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pell City was a Buyer's Market.

Key Takeaway

Pell City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$560,000(-69.1%)

Key Takeaway

Homes in Pell City have sold for 69.1% less than they did a month ago.

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

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$127.5K
N/A
3 $810K$250K
-69.1%
4 -$544.2K
N/A
5+ --
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 2024May 2024CHANGE
3053+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1733
+94.1%
4 712
+71.4%
5+ 23
+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 2024May 2024CHANGE
116+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pell City, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

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 2024May 2024CHANGE
5 Days41 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pell City are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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