Is Prattville, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Prattville has remained a Seller's Market.
Key Takeaway
Prattville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prattville, AL
How much do homes in Prattville, AL cost?
Median Sold Price
$260,633
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Prattville have sold for 12% more than they did a year ago.
Summary: The median home sold price in Prattville was $260,633 in April 2024, up 12% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $104.5K | $175K | +67.4% |
| 3 Bedrooms | $199.1K | $225K | +13.0% |
| 4 Bedrooms | $275K | $329K | +19.6% |
| 5+ Bedrooms | $500K | $470.9K | -5.8% |
Summary: Prattville 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 67.4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Prattville | $232.8K | $260.6K | +12.0% |
| Millbrook | $212.5K | $235K | +10.6% |
Housing Supply in Prattville, AL
How many homes are available in Prattville, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 211 | 203 | -3.8% |
Summary: The Prattville real estate market had 203 homes for sale in April 2024, a 3.8% decrease 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 | 4 | -20.0% |
| 3 Bedrooms | 73 | 63 | -13.7% |
| 4 Bedrooms | 102 | 106 | +3.9% |
| 5+ Bedrooms | 31 | 30 | -3.2% |
Summary: The Prattville 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 decreased by 20%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 46 | -11.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prattville, expect to pay close to the asking price. 41.3% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in Prattville in April 2024, down by 11.5% month-over-month. Of the 46 sold homes, 30% were sold under asking, 41% were sold at asking, and 28% were sold over asking.
Days on Market for Prattville, AL
How long does it take to sell a home in Prattville, AL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 59 Days | -4.1% |
Summary: Homes in Prattville had an average of 59 days on market in Apr 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prattville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 46 homes were sold in Prattville; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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