$2,536 Closing Credit*
$213,550
1,340 SqFt
3 Beds
•2 Full Baths
Matt Lane, Listing Office: Rausch Coleman Realty Group, L
Is Argo, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Argo was a Buyer's Market.
Key Takeaway
Argo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Argo, AL
How much do homes in Argo, AL cost?
Median Sold Price
$276,205
$132/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$46,205(+20.1%)
Key Takeaway
Homes in Argo have sold for 20.1% more than they did a month ago.
Summary: The median home sold price in Argo was $276,205 in November 2024, up 20.1% from last month, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | - | N/A |
| 3 Bedrooms | $255K | $251.1K | -1.5% |
| 4 Bedrooms | - | $290.5K | N/A |
| 5+ Bedrooms | - | $287.8K | N/A |
Summary: Argo housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Odenville | $227.5K | $288.8K | +27.0% |
| Argo | $230K | $276.2K | +20.1% |
| Trussville | $320K | $372.7K | +16.5% |
| Margaret | $225K | $226K | 0.4% |
| Springville | $383.8K | $323.8K | -15.6% |
Housing Supply in Argo, AL
How many homes are available in Argo, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Argo real estate market had 40 homes for sale in November 2024, a 17.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Argo 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 decreased by 100%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Argo, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Argo in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Argo, AL
How long does it take to sell a home in Argo, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 5 Days | -85.4% |
Summary: Homes in Argo had an average of 5 days on market in Nov 2024, down by 85.4% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Argo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Argo; 100% 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.
