$200,000
4.00 Acres
Land
The Dusty Cole Team, Listing Office: RE/MAX of Orange Beach
Is Elberta, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Elberta has remained a Seller's Market.
Key Takeaway
Elberta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elberta, AL
How much do homes in Elberta, AL cost?
Median Sold Price
$329,300
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$70,600(-17.7%)
Key Takeaway
Homes in Elberta have sold for 17.7% less than they did a year ago.
Summary: The median home sold price in Elberta was $329,300 in October 2024, down 17.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $360K | -6.5% |
| 2 Bedrooms | $275K | $281K | +2.2% |
| 3 Bedrooms | $372.5K | $374K | 0.4% |
| 4 Bedrooms | $399.9K | $323.3K | -19.1% |
| 5+ Bedrooms | $1.3M | $540K | -60.9% |
Summary: Elberta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes decreased by 60.9%.
Housing Supply in Elberta, AL
How many homes are available in Elberta, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 77 | +6.9% |
Summary: The Elberta real estate market had 77 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Elberta housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elberta, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Elberta in October 2024, up by 46.2% month-over-month. Of the 15 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Elberta, AL
We’re sorry, we don't have information for this market at the moment
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
Key Takeaway
Many homes in Elberta are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Elberta; 5% 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.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.