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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clay is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Clay has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Clay, AL

How much do homes in Clay, AL cost?

Median Sold Price

$275,000

$143/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$45,000(+19.6%)

Key Takeaway

Homes in Clay have sold for 19.6% more than they did a month ago.

Summary: The median home sold price in Clay was $275,000 in November 2024, up 19.6% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$209K
N/A
3 $227K$244.7K
+7.8%
4 $300K$310K
+3.3%
5+ -$434.8K
N/A

Summary: Clay 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 increased by 7.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Clay
+19.6%
Trussville
+16.5%
Center Point
+2.2%
Pinson
-3.0%
Palmerdale
-10.3%

Housing Supply in Clay, AL

How many homes are available in Clay, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4947-4.1%

Summary: The Clay real estate market had 47 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3232
0.0%
4 108
-20.0%
5+ 66
0.0%

Summary: The Clay 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
990.0%

Asking Price vs. Sold Price

4 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 Clay, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Clay in November 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.

Days on Market for Clay, AL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
61 Days115 Days+86.7%

Summary: Homes in Clay had an average of 115 days on market in Nov 2024, up by 86.7% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clay are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 9 homes were sold in Clay; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 2 Days Ago

Newest Listings in Clay, AL

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