$375,000
40.00 Acres
Land
Listing Office: Re/Max Platinum
Is Falkville, 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, Falkville was a Seller's Market.
Key Takeaway
Falkville 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 Falkville, AL
How much do homes in Falkville, AL cost?
Median Sold Price
$216,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,550(+9.4%)
Key Takeaway
Homes in Falkville have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Falkville was $216,000 in November 2024, up 9.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130.5K | $155K | +18.8% |
| 3 Bedrooms | $197.4K | $215K | +8.9% |
| 4 Bedrooms | $723K | $290K | -59.9% |
| 5+ Bedrooms | $200K | $320K | +60.0% |
Summary: Falkville 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 18.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 59.9%, and 5+ bedroom homes increased by 60%.
Median Sold Price Compared To Nearby Cities
| Falkville | $197.4K | $216K | +9.4% |
| Hartselle | $269K | $256.5K | -4.6% |
Housing Supply in Falkville, AL
How many homes are available in Falkville, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Falkville real estate market had 18 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Falkville 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 increased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 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 Falkville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Falkville in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Falkville, AL
We’re sorry, we don't have information for this market at the moment
