$99,000
2.71 Acres
Land
Jamie Fallin, Listing Office: RealtySouth-Inverness Office
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
Since last month, Bessemer has remained a Neutral Market.
Key Takeaway
Bessemer 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 Bessemer, AL
How much do homes in Bessemer, AL cost?
Median Sold Price
$247,500
$141/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$2,500(-1.0%)
Key Takeaway
Homes in Bessemer have sold for 1% less than they did a month ago.
Summary: The median home sold price in Bessemer was $247,500 in September 2024, down 1% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126K | $169.9K | +34.8% |
| 3 Bedrooms | $220K | $250K | +13.6% |
| 4 Bedrooms | $284.6K | $225K | -21.0% |
| 5+ Bedrooms | $265.9K | $337.4K | +26.9% |
Summary: Bessemer housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes increased by 26.9%.
Housing Supply in Bessemer, AL
How many homes are available in Bessemer, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 241 | 280 | +16.2% |
Summary: The Bessemer real estate market had 280 homes for sale in September 2024, a 16.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 32 | 34 | +6.3% |
| 3 Bedrooms | 130 | 164 | +26.2% |
| 4 Bedrooms | 63 | 64 | +1.6% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Bessemer housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bessemer, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Bessemer in September 2024, the same as the previous month. Of the 42 sold homes, 40% were sold under asking, 33% were sold at asking, and 26% 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 37 Days | 50 Days | +34.6% |
Summary: Homes in Bessemer had an average of 50 days on market in Sep 2024, up by 34.6% compared to last month.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 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 September 2024, 42 homes were sold in Bessemer; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
