$2,702 Closing Credit*
$227,500
3,200 SqFt
3 Beds
•2 Full Baths
Angela Delgadillo, Listing Office: Gold West Realty LLC
Is Bessemer, 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, Bessemer was a Neutral Market.
Key Takeaway
Bessemer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bessemer, AL
How much do homes in Bessemer, AL cost?
Median Sold Price
$200,950
$129/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$57,050(-22.1%)
Key Takeaway
Homes in Bessemer have sold for 22.1% less than they did a month ago.
Summary: The median home sold price in Bessemer was $200,950 in November 2024, down 22.1% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $65K | $99.5K | +53.1% |
| 3 Bedrooms | $213.2K | $201.9K | -5.3% |
| 4 Bedrooms | $305K | $289.9K | -5.0% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: Bessemer 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 increased by 53.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.
Housing Supply in Bessemer, AL
How many homes are available in Bessemer, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 237 | 258 | +8.9% |
Summary: The Bessemer real estate market had 258 homes for sale in November 2024, a 8.9% 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 | 24 | 31 | +29.2% |
| 3 Bedrooms | 143 | 151 | +5.6% |
| 4 Bedrooms | 60 | 62 | +3.3% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Bessemer 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 29.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 56 | +36.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bessemer, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Bessemer in November 2024, up by 36.6% month-over-month. Of the 56 sold homes, 55% were sold under asking, 23% were sold at asking, and 21% were sold over asking.
Days on Market for Bessemer, AL
How long does it take to sell a home in Bessemer, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 35 Days | -30.4% |
Summary: Homes in Bessemer had an average of 35 days on market in Nov 2024, down by 30.4% compared to last month.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bessemer are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 56 homes were sold in Bessemer; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
