Is Cottage Park, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cottage Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Cottage Park has remained a Buyer's Market.

Key Takeaway

Cottage Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cottage Park, AL

How much do homes in Cottage Park, AL cost?

Median Sold Price

$353,000

$112/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$113,550(+47.4%)

Key Takeaway

Homes in Cottage Park have sold for 47.4% more than they did a month ago.

Summary: The median home sold price in Cottage Park was $353,000 in November 2024, up 47.4% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $239.4K-
N/A
4 -$353K
N/A
5+ --
N/A

Summary: Cottage Park 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

D'Iberville
+96.1%
Cottage Park
+47.4%

Housing Supply in Cottage Park, AL

How many homes are available in Cottage Park, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2225+13.6%

Summary: The Cottage Park real estate market had 25 homes for sale in November 2024, a 13.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1212
0.0%
4 912
+33.3%
5+ 11
0.0%

Summary: The Cottage Park 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 increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cottage Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cottage Park in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cottage Park, AL

We’re sorry, we don't have information for this market at the moment

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

Report Updated 22 Days Ago

Newest Listings in Cottage Park, AL

Nearby Markets to Cottage Park, AL