Is Hope Hull, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hope Hull has remained a Seller's Market.
Housing Prices in Hope Hull, AL
How much do homes in Hope Hull, AL cost?
Median Sold Price
$122,850
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hope Hull was $122,850 in May 2024, down 7.3% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | - | N/A |
2 Bedrooms | $225K | $333.5K | +48.2% |
3 Bedrooms | $105K | $115.7K | +10.2% |
4 Bedrooms | $157.5K | $317K | +101.3% |
5+ Bedrooms | $263.4K | $540K | +105.0% |
Summary: Hope Hull housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 101.3%, and 5+ bedroom homes increased by 105%.
Median Sold Price Compared To Nearby Cities
Montgomery | $174.4K | $175K | 0.3% |
Hope Hull | $132.5K | $122.8K | -7.3% |
Housing Supply in Hope Hull, AL
How many homes are available in Hope Hull, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Summary: The Hope Hull real estate market had 17 homes for sale in May 2024, a 21.4% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hope Hull 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 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Hope Hull in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Hope Hull, AL
How long does it take to sell a home in Hope Hull, AL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 87 Days | +46.8% |
Summary: Homes in Hope Hull had an average of 87 days on market in May 2024, up by 46.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Hope Hull; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.