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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, DeKalb County was a Seller's Market.

Key Takeaway

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

Housing Prices in DeKalb County, AL

How much do homes in DeKalb County, AL cost?

Median Sold Price

$231,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,000(+7.4%)

Key Takeaway

Homes in DeKalb County have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in DeKalb County was $231,000 in October 2024, up 7.4% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$175K
-12.5%
2 $174.9K$190K
+8.6%
3 $210K$229.4K
+9.3%
4 $275.3K$283K
+2.8%
5+ $367.5K$390K
+6.1%

Summary: DeKalb County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Counties

Cherokee County
+8.3%
DeKalb County
+7.4%
Jackson County
+6.9%
Chattooga County
+5.8%
Marshall County
+4.1%

Housing Supply in DeKalb County, AL

How many homes are available in DeKalb County, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
233237+1.7%

Summary: The DeKalb County real estate market had 237 homes for sale in October 2024, a 1.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 3439
+14.7%
3 125126
+0.8%
4 4545
0.0%
5+ 2120
-4.8%

Summary: The DeKalb County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3727-27.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb County, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in DeKalb County in October 2024, down by 27.0% month-over-month. Of the 27 sold homes, 74% were sold under asking, 15% were sold at asking, and 11% were sold over asking.

Days on Market for DeKalb County, AL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
1 Day16 Days+1500.0%

Summary: Homes in DeKalb County had an average of 16 days on market in Oct 2024, up by 1500% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in DeKalb County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in DeKalb County; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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