Is Center Point, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Center Point is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Center Point was a Seller's Market.

Key Takeaway

Center Point 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 Center Point, AL

How much do homes in Center Point, AL cost?

Median Sold Price

$122,500

$89/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$2,600(+2.2%)

Key Takeaway

Homes in Center Point have sold for 2.2% more than they did a month ago.

Summary: The median home sold price in Center Point was $122,500 in November 2024, up 2.2% from last month, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $100K$125K
+25.0%
3 $119.9K$111.5K
-7.0%
4 $139.7K$197.5K
+41.4%
5+ $250K-
N/A

Summary: Center Point 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 25%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Clay
+19.6%
Center Point
+2.2%
Pinson
-3.0%
Birmingham
-3.8%

Housing Supply in Center Point, AL

How many homes are available in Center Point, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8891+3.4%

Summary: The Center Point real estate market had 91 homes for sale in November 2024, a 3.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 5150
-2.0%
4 2629
+11.5%
5+ 65
-16.7%

Summary: The Center Point 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 40%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1914-26.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Center Point, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Center Point in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for Center Point, AL

How long does it take to sell a home in Center Point, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
52 Days37 Days-28.7%

Summary: Homes in Center Point had an average of 37 days on market in Nov 2024, down by 28.7% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Center Point are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Center Point; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in Center Point, AL

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