$124,600
0.11 Acres
Land
Terry Shelburne, Listing Office: Exit Realty Lyon & Associates
Is Elberta, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elberta was a Seller's Market.
Key Takeaway
Elberta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elberta, AL
How much do homes in Elberta, AL cost?
Median Sold Price
$344,512
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,488(-9.3%)
Key Takeaway
Homes in Elberta have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Elberta was $344,512 in November 2024, down 9.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $360K | -6.5% |
| 2 Bedrooms | $262.5K | $312K | +18.9% |
| 3 Bedrooms | $350K | $395K | +12.9% |
| 4 Bedrooms | $350K | $309.9K | -11.5% |
| 5+ Bedrooms | $760K | $500.3K | -34.2% |
Summary: Elberta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 34.2%.
Housing Supply in Elberta, AL
How many homes are available in Elberta, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 64 | -14.7% |
Summary: The Elberta real estate market had 64 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Elberta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
5 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 Elberta, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Elberta in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Elberta, AL
We’re sorry, we don't have information for this market at the moment
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