$3,028 Closing Credit*
$255,000
1,452 SqFt
3 Beds
•2 Full Baths
Listing Office: Re/Max Unlimited
Is Arab, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Arab was a Seller's Market.
Key Takeaway
Arab is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Arab, AL
How much do homes in Arab, AL cost?
Median Sold Price
$250,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,666(+7.6%)
Key Takeaway
Homes in Arab have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Arab was $250,000 in November 2024, up 7.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.4K | $200K | +45.5% |
| 2 Bedrooms | $125K | $146.2K | +17.0% |
| 3 Bedrooms | $225K | $243.2K | +8.1% |
| 4 Bedrooms | $356.9K | $355K | -0.6% |
| 5+ Bedrooms | $367.7K | $535K | +45.5% |
Summary: Arab housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 45.5%.
Median Sold Price Compared To Nearby Cities
| Baileyton-Joppa | $202.5K | $241.2K | +19.1% |
| Arab | $232.3K | $250K | +7.6% |
Housing Supply in Arab, AL
How many homes are available in Arab, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 130 | +7.4% |
Summary: The Arab real estate market had 130 homes for sale in November 2024, a 7.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 71 | 74 | +4.2% |
| 4 Bedrooms | 36 | 39 | +8.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Arab 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 28.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arab, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Arab in November 2024, up by 53.8% month-over-month. Of the 20 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Arab, AL
We’re sorry, we don't have information for this market at the moment
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