Is Alabama, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Alabama was a Seller's Market.
Housing Prices in Alabama, FL
How much do homes in Alabama, FL cost?
Median Sold Price
$319,880
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alabama was $319,880 in April 2024, up 14.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $120K | +9.1% |
2 Bedrooms | $190.3K | $192.5K | +1.1% |
3 Bedrooms | $315K | $329.9K | +4.8% |
4 Bedrooms | $385K | $367K | -4.7% |
5+ Bedrooms | $385K | $525K | +36.4% |
Summary: Alabama housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Neighborhoods
Alabama | $279.5K | $319.8K | +14.4% |
Eisenhower | $310K | $335K | +8.1% |
Richmond | $335.6K | $350K | +4.3% |
Parkdale | $334K | $344.9K | +3.3% |
Housing Supply in Alabama, FL
How many homes are available in Alabama, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
258 | 263 | +1.9% |
Summary: The Alabama real estate market had 263 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 53 | 59 | +11.3% |
3 Bedrooms | 119 | 123 | +3.4% |
4 Bedrooms | 78 | 74 | -5.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Alabama housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 43 | +2.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Alabama in April 2024, up by 2.4% month-over-month. Of the 43 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for Alabama, FL
How long does it take to sell a home in Alabama, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 56 Days | +20.7% |
Summary: Homes in Alabama had an average of 56 days on market in Apr 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in Alabama; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.