Is Boaz, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boaz is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Boaz was a Seller's Market.

Key Takeaway

Boaz is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boaz, AL

How much do homes in Boaz, AL cost?

Median Sold Price

$209,200

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,200(+3.1%)

Key Takeaway

Homes in Boaz have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Boaz was $209,200 in November 2024, up 3.1% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$35K
-75.0%
2 $159.9K$166.5K
+4.1%
3 $192.5K$199.5K
+3.6%
4 $285K$275K
-3.5%
5+ $308K$231.2K
-24.9%

Summary: Boaz housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Cities

Sardis City
+20.4%
Mountainboro
+11.6%
Albertville-Boaz
+3.9%
Boaz
+3.4%
Boaz
+3.1%

Housing Supply in Boaz, AL

How many homes are available in Boaz, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9691-5.2%

Summary: The Boaz real estate market had 91 homes for sale in November 2024, a 5.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 810
+25.0%
3 5651
-8.9%
4 2321
-8.7%
5+ 77
0.0%

Summary: The Boaz 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 25%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boaz, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Boaz in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% were sold over asking.

Days on Market for Boaz, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Boaz, AL

Nearby Markets to Boaz, AL