Is Tanner Williams, 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, Tanner Williams was a Seller's Market.
Key Takeaway
Tanner Williams is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tanner Williams, AL
How much do homes in Tanner Williams, AL cost?
Median Sold Price
$255,000
$138/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Tanner Williams has remained the same since last year.
Summary: The median home sold price in Tanner Williams was $255,000 in May 2024, the same as last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156.9K | $145K | -7.6% |
| 3 Bedrooms | $205K | $221.8K | +8.2% |
| 4 Bedrooms | $305K | $332.5K | +9.0% |
| 5+ Bedrooms | $500K | $457K | -8.6% |
Summary: Tanner Williams 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 7.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in Tanner Williams, AL
How many homes are available in Tanner Williams, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 219 | 295 | +34.7% |
Summary: The Tanner Williams real estate market had 295 homes for sale in May 2024, a 34.7% 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 | 9 | 15 | +66.7% |
| 3 Bedrooms | 95 | 134 | +41.1% |
| 4 Bedrooms | 98 | 120 | +22.4% |
| 5+ Bedrooms | 17 | 26 | +52.9% |
Summary: The Tanner Williams 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 66.7%, 3 bedroom homes increased by 41.1%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 52.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tanner Williams, you may be able to get a good deal. 35.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Tanner Williams in May 2024, up by 6.7% month-over-month. Of the 31 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% were sold over asking.
Days on Market for Tanner Williams, AL
How long does it take to sell a home in Tanner Williams, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tanner Williams are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Tanner Williams; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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. 