Is Foley, 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, Foley has remained a Seller's Market.
Key Takeaway
Foley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Foley, AL
How much do homes in Foley, AL cost?
Median Sold Price
$334,135
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Foley have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Foley was $334,135 in May 2024, up 7.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.3K | $321.2K | +46.5% |
| 2 Bedrooms | $235K | $280K | +19.1% |
| 3 Bedrooms | $289.1K | $294.5K | +1.9% |
| 4 Bedrooms | $329.2K | $385K | +16.9% |
| 5+ Bedrooms | $461.8K | $444.7K | -3.7% |
Summary: Foley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.5%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Foley | $311.8K | $334.1K | +7.1% |
| Summerdale | $292K | $300K | +2.7% |
| Elberta | $490K | $326.1K | -33.4% |
Housing Supply in Foley, AL
How many homes are available in Foley, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 410 | 439 | +7.1% |
Summary: The Foley real estate market had 439 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 27 | 36 | +33.3% |
| 3 Bedrooms | 205 | 221 | +7.8% |
| 4 Bedrooms | 154 | 159 | +3.2% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Foley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 78 | +11.4% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foley, you may be able to get a good deal. 63.8% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Foley in May 2024, up by 11.4% month-over-month. Of the 69 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Foley, AL
We’re sorry, we don't have information for this market at the moment
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.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.