Is Crestwood South, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crestwood South is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Crestwood South was a Seller's Market.

Key Takeaway

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

Housing Prices in Crestwood South, AL

How much do homes in Crestwood South, AL cost?

Median Sold Price

$379,999

$120/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$25,001(-6.2%)

Key Takeaway

Homes in Crestwood South have sold for 6.2% less than they did a month ago.

Summary: The median home sold price in Crestwood South was $379,999 in December 2024, down 6.2% from last month, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $279.9K-
N/A
3 $450K$379.9K
-15.6%
4 $415K$333.7K
-19.6%
5+ --
N/A

Summary: Crestwood South housing prices by bedroom type for December 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 15.6%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Crestline
+10.8%
Crestwood South
-6.2%
Crestwood North
-8.1%

Housing Supply in Crestwood South, AL

How many homes are available in Crestwood South, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2322-4.3%

Summary: The Crestwood South real estate market had 22 homes for sale in December 2024, a 4.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1413
-7.1%
4 78
+14.3%
5+ 11
0.0%

Summary: The Crestwood South housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestwood South, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Crestwood South in December 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Crestwood South, AL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
21 Days76 Days+253.1%

Summary: Homes in Crestwood South had an average of 76 days on market in Dec 2024, up by 253.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Crestwood South; 0% of homes were sold within 30 days, 33% 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 4 Days Ago

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