Is Alabaster-Helena, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alabaster-Helena is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Alabaster-Helena has remained a Seller's Market.

Key Takeaway

Alabaster-Helena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alabaster-Helena, AL

How much do homes in Alabaster-Helena, AL cost?

Median Sold Price

$349,000

$173/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$4,050(+1.2%)

Key Takeaway

Homes in Alabaster-Helena have sold for 1.2% more than they did a month ago.

Summary: The median home sold price in Alabaster-Helena was $349,000 in November 2024, up 1.2% from last month, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $140.5K$152.5K
+8.5%
2 $253.2K$206K
-18.7%
3 $283.5K$299.9K
+5.8%
4 $435K$413.1K
-5.0%
5+ $653.7K$654.7K
0.2%

Summary: Alabaster-Helena housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 18.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Cities

Helena
+8.1%
Alabaster-Helena
+1.2%
Alabaster
-4.8%
Maylene
-32.2%

Housing Supply in Alabaster-Helena, AL

How many homes are available in Alabaster-Helena, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
602664+10.3%

Summary: The Alabaster-Helena real estate market had 664 homes for sale in November 2024, a 10.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 3440
+17.6%
3 235260
+10.6%
4 245268
+9.4%
5+ 8189
+9.9%

Summary: The Alabaster-Helena housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 9.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
106145+36.8%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alabaster-Helena, you may be able to get a good deal. 49% of homes here sold below asking price last month.

Summary: A total of 145 homes were sold or pending in Alabaster-Helena in November 2024, up by 36.8% month-over-month. Of the 145 sold homes, 49% were sold under asking, 32% were sold at asking, and 19% were sold over asking.

Days on Market for Alabaster-Helena, AL

How long does it take to sell a home in Alabaster-Helena, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
40 Days44 Days+10.6%

Summary: Homes in Alabaster-Helena had an average of 44 days on market in Nov 2024, up by 10.6% compared to last month.

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alabaster-Helena are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 145 homes were sold in Alabaster-Helena; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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