$39,000
0.83 Acres
Land
Listing Office: Alabama Living Real Estate
Is Fort Payne, 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, Fort Payne was a Seller's Market.
Key Takeaway
Fort Payne 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 Fort Payne, AL
How much do homes in Fort Payne, AL cost?
Median Sold Price
$232,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,600(+5.7%)
Key Takeaway
Homes in Fort Payne have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Fort Payne was $232,500 in November 2024, up 5.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $301K | $70K | -76.7% |
| 2 Bedrooms | $172.4K | $174.2K | +1.0% |
| 3 Bedrooms | $213.5K | $234.5K | +9.8% |
| 4 Bedrooms | $299.5K | $290K | -3.2% |
| 5+ Bedrooms | $370.5K | $390K | +5.3% |
Summary: Fort Payne housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.7%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Valley Head-Mentone | $325.9K | $371K | +13.8% |
| Fort Payne | $219.9K | $232.5K | +5.7% |
Housing Supply in Fort Payne, AL
How many homes are available in Fort Payne, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 94 | +4.4% |
Summary: The Fort Payne real estate market had 94 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 47 | 51 | +8.5% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Fort Payne 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 25%, 3 bedroom homes increased by 8.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Payne, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Fort Payne in November 2024, up by 40.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Fort Payne, AL
We’re sorry, we don't have information for this market at the moment
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Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.