$3,859 Closing Credit*
$325,000
2,188 SqFt
3 Beds
•2 Full Baths
Dustin Ledbetter, Listing Office: DL Realty
Is Eclectic, 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, Eclectic was a Seller's Market.
Key Takeaway
Eclectic is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eclectic, AL
How much do homes in Eclectic, AL cost?
Median Sold Price
$287,650
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,850(-1.3%)
Key Takeaway
Homes in Eclectic have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Eclectic was $287,650 in October 2024, down 1.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $193.5K | $332.4K | +71.8% |
| 3 Bedrooms | $274.9K | $219.9K | -20.0% |
| 4 Bedrooms | $307.9K | $352.6K | +14.5% |
| 5+ Bedrooms | $904.5K | $1.1M | +28.5% |
Summary: Eclectic 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 71.8%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 28.5%.
Housing Supply in Eclectic, AL
How many homes are available in Eclectic, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Eclectic real estate market had 30 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Eclectic 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 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eclectic, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Eclectic in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Eclectic, AL
How long does it take to sell a home in Eclectic, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 134 Days | +147.0% |
Summary: Homes in Eclectic had an average of 134 days on market in Oct 2024, up by 147% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Eclectic are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Eclectic; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 