Housing Prices in Eight Mile, AL
How much do homes in Eight Mile, AL cost?
Median List Price
$159,900
$108/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Eight Mile has decreased by 20.5% since last year.
Summary: The median home list price in Eight Mile was $159,900 in May 2024, down 20.5% from the previous year, and the median price per square foot was $108.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $29K | $80K | +175.9% |
| 3 Bedrooms | $201.2K | $142K | -29.4% |
| 4 Bedrooms | $391.5K | $185.1K | -52.7% |
| 5+ Bedrooms | $365K | $365K | 0.0% |
Summary: Eight Mile 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 175.9%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 52.7%, and 5+ bedroom homes did not change.
Housing Supply in Eight Mile, AL
How many homes are available in Eight Mile, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Summary: The Eight Mile real estate market had 16 homes for sale in May 2024, a 77.8% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Eight Mile 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 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Days on Market for Eight Mile, AL
How long does it take to sell a home in Eight Mile, AL?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 95 Days | +5.2% |
Summary: Homes in Eight Mile had an average listing age of 95 days in May 2024, up by 5.2% compared to the previous year.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.