$10,000 Closing Credit*
$975,000
4,293 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Nova Grace & Co.
Is Cedar Bluff-Gaylesville, 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, Cedar Bluff-Gaylesville was a Seller's Market.
Key Takeaway
Cedar Bluff-Gaylesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cedar Bluff-Gaylesville, AL
How much do homes in Cedar Bluff-Gaylesville, AL cost?
Median Sold Price
$260,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,000(-9.4%)
Key Takeaway
Homes in Cedar Bluff-Gaylesville have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in Cedar Bluff-Gaylesville was $260,000 in October 2024, down 9.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $190K | -7.8% |
| 2 Bedrooms | $280K | $195K | -30.4% |
| 3 Bedrooms | $312.5K | $236.9K | -24.2% |
| 4 Bedrooms | $444.5K | $450K | +1.2% |
| 5+ Bedrooms | $231K | - | N/A |
Summary: Cedar Bluff-Gaylesville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 30.4%, 3 bedroom homes decreased by 24.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spring Garden | $230K | $270K | +17.4% |
| Valley Head-Mentone | $340K | $376.5K | +10.7% |
| Cedar Bluff | $261K | $262.5K | +0.6% |
| Cedar Bluff-Gaylesville | $287K | $260K | -9.4% |
Housing Supply in Cedar Bluff-Gaylesville, AL
How many homes are available in Cedar Bluff-Gaylesville, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The Cedar Bluff-Gaylesville real estate market had 51 homes for sale in October 2024, a 8.5% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Cedar Bluff-Gaylesville 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 remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Bluff-Gaylesville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cedar Bluff-Gaylesville in October 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Bluff-Gaylesville, AL
How long does it take to sell a home in Cedar Bluff-Gaylesville, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedar Bluff-Gaylesville has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Cedar Bluff-Gaylesville; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.