$3,918 Closing Credit*
$329,900
1,876 SqFt
3 Beds
•2 Full Baths
April Sharpe, Listing Office: RE/MAX Advantage South
Is Chelsea, 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, Chelsea was a Buyer's Market.
Key Takeaway
Chelsea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chelsea, AL
How much do homes in Chelsea, AL cost?
Median Sold Price
$367,750
$170/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$10,300(+2.9%)
Key Takeaway
Homes in Chelsea have sold for 2.9% more than they did a month ago.
Summary: The median home sold price in Chelsea was $367,750 in November 2024, up 2.9% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $287.4K | $279.9K | -2.6% |
| 4 Bedrooms | $407.5K | $339.3K | -16.7% |
| 5+ Bedrooms | - | $638.4K | N/A |
Summary: Chelsea 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 did not change, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Westover | $280K | $410.7K | +46.7% |
| Chelsea | $357.4K | $367.7K | +2.9% |
| Alabaster-Helena | $344.9K | $349K | +1.2% |
| Pelham | $311.8K | $294.9K | -5.4% |
| Sterrett | $427.5K | $300K | -29.8% |
Housing Supply in Chelsea, AL
How many homes are available in Chelsea, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 113 | +13.0% |
Summary: The Chelsea real estate market had 113 homes for sale in November 2024, a 13.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 50 | 52 | +4.0% |
| 5+ Bedrooms | 21 | 29 | +38.1% |
Summary: The Chelsea 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 100%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 38.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 27 | +170.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelsea, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Chelsea in November 2024, up by 170.0% month-over-month. Of the 27 sold homes, 41% were sold under asking, 44% were sold at asking, and 15% were sold over asking.
Days on Market for Chelsea, AL
How long does it take to sell a home in Chelsea, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 40 Days | +56.9% |
Summary: Homes in Chelsea had an average of 40 days on market in Nov 2024, up by 56.9% compared to last month.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chelsea are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Chelsea; 81% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
