Housing Prices in Hoover, AL
How much do homes in Hoover, AL cost?
Median List Price
$487,900
$186/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Hoover has increased by 6.3% since April.
Summary: The median home list price in Hoover was $487,900 in May 2024, up 6.3% from the previous month, and the median price per square foot was $186.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $102.5K | 0.0% |
| 2 Bedrooms | $162.4K | $239K | +47.1% |
| 3 Bedrooms | $396.9K | $395K | -0.5% |
| 4 Bedrooms | $499.7K | $504.4K | +0.9% |
| 5+ Bedrooms | $807.4K | $815K | +0.9% |
Summary: Hoover housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 0.9%.
Median List Price Compared To Nearby Cities
| Hoover | $459K | $487.9K | +6.3% |
| Homewood | $562K | $592.4K | +5.4% |
| Vestavia Hills | $520K | $504.9K | -2.9% |
| Indian Springs Village | $1.1M | $749K | -33.2% |
Housing Supply in Hoover, AL
How many homes are available in Hoover, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 111 | 218 | +96.4% |
Summary: The Hoover real estate market had 218 homes for sale in May 2024, a 96.4% 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 | 8 | 11 | +37.5% |
| 3 Bedrooms | 31 | 73 | +135.5% |
| 4 Bedrooms | 41 | 84 | +104.9% |
| 5+ Bedrooms | 30 | 49 | +63.3% |
Summary: The Hoover 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 37.5%, 3 bedroom homes increased by 135.5%, 4 bedroom homes increased by 104.9%, and 5+ bedroom homes increased by 63.3%.
Days on Market for Hoover, AL
How long does it take to sell a home in Hoover, AL?
Average Listing Age
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 50 Days | -30.0% |
Summary: Homes in Hoover had an average listing age of 50 days in May 2024, down by 30% compared to the previous month.
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. 