Is Fort Mitchell, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Mitchell is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fort Mitchell has remained a Seller's Market.

Key Takeaway

Fort Mitchell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fort Mitchell, AL

How much do homes in Fort Mitchell, AL cost?

Median Sold Price

$285,000

$139/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$53,000(-15.7%)

Key Takeaway

Homes in Fort Mitchell have sold for 15.7% less than they did a month ago.

Summary: The median home sold price in Fort Mitchell was $285,000 in November 2024, down 15.7% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$285K
N/A
5+ $338K-
N/A

Summary: Fort Mitchell housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Fort Mitchell, AL

How many homes are available in Fort Mitchell, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54-20.0%

Summary: The Fort Mitchell real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 33
0.0%
5+ 10
-100.0%

Summary: The Fort Mitchell 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Mitchell, 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 Fort Mitchell in November 2024, the same as the previous 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 Fort Mitchell, AL

How long does it take to sell a home in Fort Mitchell, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
11 Days39 Days+254.5%

Summary: Homes in Fort Mitchell had an average of 39 days on market in Nov 2024, up by 254.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fort Mitchell has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Fort Mitchell; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Fort Mitchell, AL

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