Is Cullman County, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cullman County is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cullman County was a Buyer's Market.

Key Takeaway

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

Housing Prices in Cullman County, AL

How much do homes in Cullman County, AL cost?

Median Sold Price

$256,950

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,050(-3.8%)

Key Takeaway

Homes in Cullman County have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Cullman County was $256,950 in October 2024, down 3.8% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$155.9K
-2.5%
2 $159.7K$155K
-3.0%
3 $245K$242.5K
-1.0%
4 $303.5K$293.1K
-3.4%
5+ $484.9K$400K
-17.5%

Summary: Cullman County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 17.5%.

Median Sold Price Compared To Nearby Counties

Morgan County
+1.1%
Cullman County
-3.8%

Housing Supply in Cullman County, AL

How many homes are available in Cullman County, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
139171+23.0%

Summary: The Cullman County real estate market had 171 homes for sale in October 2024, a 23.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1315
+15.4%
3 7895
+21.8%
4 3743
+16.2%
5+ 1017
+70.0%

Summary: The Cullman County 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 15.4%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 70%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1830+66.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cullman County, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Cullman County in October 2024, up by 66.7% month-over-month. Of the 30 sold homes, 63% were sold under asking, 17% were sold at asking, and 20% were sold over asking.

Days on Market for Cullman County, AL

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 Cullman County has remained consistent over time.

Summary: During October 2024, 30 homes were sold in Cullman County; 3% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Cullman County, AL

Nearby Markets to Cullman County, AL

What housing markets are near Cullman County, AL?