Is Wetumpka, 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, Wetumpka has remained a Seller's Market.
Housing Prices in Wetumpka, AL
How much do homes in Wetumpka, AL cost?
Median Sold Price
$273,225
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wetumpka was $273,225 in April 2024, up 12.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $111.2K | $137.5K | +23.6% |
3 Bedrooms | $199.9K | $229.9K | +15.0% |
4 Bedrooms | $337.1K | $349.9K | +3.8% |
5+ Bedrooms | $379K | $442.4K | +16.7% |
Summary: Wetumpka 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 23.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Wetumpka, AL
How many homes are available in Wetumpka, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 150 | +12.8% |
Summary: The Wetumpka real estate market had 150 homes for sale in April 2024, a 12.8% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 60 | 71 | +18.3% |
4 Bedrooms | 56 | 58 | +3.6% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Wetumpka 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 40%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Wetumpka in April 2024, up by 7.1% month-over-month. Of the 30 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for Wetumpka, AL
How long does it take to sell a home in Wetumpka, AL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 74 Days | +63.5% |
Summary: Homes in Wetumpka had an average of 74 days on market in Apr 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Wetumpka; 30% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.