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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clanton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Clanton was a Buyer's Market.

Key Takeaway

Clanton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clanton, AL

How much do homes in Clanton, AL cost?

Median Sold Price

$280,000

$121/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$74,000(+35.9%)

Key Takeaway

Homes in Clanton have sold for 35.9% more than they did a month ago.

Summary: The median home sold price in Clanton was $280,000 in October 2024, up 35.9% from last month, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$289.5K
N/A
3 $138K$235K
+70.3%
4 $370.9K$515K
+38.8%
5+ -$399.9K
N/A

Summary: Clanton housing prices by bedroom type for October 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 increased by 70.3%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Verbena
+66.4%
Clanton
+35.9%

Housing Supply in Clanton, AL

How many homes are available in Clanton, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5369+30.2%

Summary: The Clanton real estate market had 69 homes for sale in October 2024, a 30.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 2938
+31.0%
4 1619
+18.8%
5+ 34
+33.3%

Summary: The Clanton 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 increased by 60%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
312+300.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clanton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Clanton in October 2024, up by 300.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Clanton, AL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
95 Days61 Days-35.4%

Summary: Homes in Clanton had an average of 61 days on market in Oct 2024, down by 35.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Clanton has remained consistent over time.

Summary: During October 2024, 12 homes were sold in Clanton; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

Newest Listings in Clanton, AL

Nearby Markets to Clanton, AL

What housing markets are near Clanton, AL?