$1,769 Closing Credit*
$149,000
1,036 SqFt
2 Beds
•2 Full Baths
Christy St John, Listing Office: ERA Waldrop Real Estate
Is Cullman, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cullman was a Buyer's Market.
Key Takeaway
Cullman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cullman, AL
How much do homes in Cullman, AL cost?
Median Sold Price
$279,950
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,550(-0.9%)
Key Takeaway
Homes in Cullman have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Cullman was $279,950 in October 2024, down 0.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $169K | +9.0% |
| 3 Bedrooms | $246K | $264.2K | +7.4% |
| 4 Bedrooms | $316K | $295.4K | -6.5% |
| 5+ Bedrooms | $463.4K | $407.1K | -12.1% |
Summary: Cullman housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Cullman | $282.5K | $279.9K | -0.9% |
| Vinemont | $214K | $205K | -4.2% |
Housing Supply in Cullman, AL
How many homes are available in Cullman, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 96 | +31.5% |
Summary: The Cullman real estate market had 96 homes for sale in October 2024, a 31.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 38 | 51 | +34.2% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Cullman 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 25%, 3 bedroom homes increased by 34.2%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cullman, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Cullman in October 2024, up by 54.5% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for Cullman, AL
How long does it take to sell a home in Cullman, AL?
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
Key Takeaway
Most homes in Cullman are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 17 homes were sold in Cullman; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
