$4,393 Closing Credit*
$369,900
2,024 SqFt
4 Beds
•2 Full Baths
Hayden Hudson, Listing Office: Builder New Homes, Inc.
Is Elmore County, 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, Elmore County was a Seller's Market.
Key Takeaway
Elmore County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Elmore County, AL
How much do homes in Elmore County, AL cost?
Median Sold Price
$264,175
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,239(+4.4%)
Key Takeaway
Homes in Elmore County have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Elmore County was $264,175 in November 2024, up 4.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $207.5K | N/A |
| 2 Bedrooms | $125.1K | $139.9K | +11.8% |
| 3 Bedrooms | $215K | $235.6K | +9.6% |
| 4 Bedrooms | $325K | $319.9K | -1.5% |
| 5+ Bedrooms | $430.5K | $424.9K | -1.3% |
Summary: Elmore County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Counties
| Montgomery County | $175.1K | $183.9K | +5.0% |
| Elmore County | $252.9K | $264.1K | +4.4% |
Housing Supply in Elmore County, AL
How many homes are available in Elmore County, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 324 | 322 | -0.6% |
Summary: The Elmore County real estate market had 322 homes for sale in November 2024, a 0.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 19 | 14 | -26.3% |
| 3 Bedrooms | 168 | 167 | -0.6% |
| 4 Bedrooms | 111 | 113 | +1.8% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The Elmore County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 53 | -27.4% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmore County, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Elmore County in November 2024, down by 27.4% month-over-month. Of the 53 sold homes, 60% were sold under asking, 34% were sold at asking, and 6% were sold over asking.
Days on Market for Elmore County, AL
How long does it take to sell a home in Elmore County, AL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 72 Days | +27.1% |
Summary: Homes in Elmore County had an average of 72 days on market in Nov 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elmore County has remained consistent over time.
Summary: During November 2024, 53 homes were sold in Elmore County; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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