$2,255 Closing Credit*
$189,900
1,092 SqFt
3 Beds
•1 Full Bath
Listing Office: Hagemore Realty Group
Is Arab, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Arab was a Seller's Market.
Key Takeaway
Arab is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arab, AL
How much do homes in Arab, AL cost?
Median Sold Price
$245,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+4.3%)
Key Takeaway
Homes in Arab have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Arab was $245,000 in October 2024, up 4.3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.4K | $200K | +45.5% |
| 2 Bedrooms | $120K | $146.2K | +21.9% |
| 3 Bedrooms | $225K | $238.9K | +6.2% |
| 4 Bedrooms | $385K | $360K | -6.5% |
| 5+ Bedrooms | $370K | $509.8K | +37.8% |
Summary: Arab housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 37.8%.
Median Sold Price Compared To Nearby Cities
| Baileyton-Joppa | $207.5K | $250K | +20.5% |
| Arab | $235K | $245K | +4.3% |
Housing Supply in Arab, AL
How many homes are available in Arab, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 125 | +11.6% |
Summary: The Arab real estate market had 125 homes for sale in October 2024, a 11.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 63 | 72 | +14.3% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Arab housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Arab, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Arab in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Arab, AL
How long does it take to sell a home in Arab, 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 Arab are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Arab; 9% 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.
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.