Is Dallas County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dallas County was a Seller's Market.
Key Takeaway
Dallas County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dallas County, AL
How much do homes in Dallas County, AL cost?
Median Sold Price
$118,900
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dallas County have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Dallas County was $118,900 in May 2024, up 8.1% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $49K | $45K | -8.2% |
| 3 Bedrooms | $112.3K | $117.5K | +4.6% |
| 4 Bedrooms | $140K | $172.4K | +23.2% |
| 5+ Bedrooms | $250K | $201K | -19.6% |
Summary: Dallas County 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 decreased by 8.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Counties
| Dallas County | $110K | $118.9K | +8.1% |
| Autauga County | $254.3K | $260K | +2.2% |
Housing Supply in Dallas County, AL
How many homes are available in Dallas County, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 107 | 115 | +7.5% |
Summary: The Dallas County real estate market had 115 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 63 | 70 | +11.1% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Dallas County 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 7.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dallas County, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Dallas County in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Dallas County, AL
How long does it take to sell a home in Dallas County, AL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 73 Days | +37.6% |
Summary: Homes in Dallas County had an average of 73 days on market in May 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dallas County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Dallas County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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