$2,018 Closing Credit*
$169,900
1,698 SqFt
3 Beds
•2 Full Baths
Listing Office: Cornerstone Real Estate
Is Gadsden, 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, Gadsden has remained a Seller's Market.
Key Takeaway
Gadsden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gadsden, AL
How much do homes in Gadsden, AL cost?
Median Sold Price
$190,646
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$646(+0.3%)
Key Takeaway
The sold price of homes in Gadsden has remained the same since last year.
Summary: The median home sold price in Gadsden was $190,646 in October 2024, up 0.3% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $77.6K | +158.7% |
| 2 Bedrooms | $65K | $79.9K | +23.0% |
| 3 Bedrooms | $186.3K | $197.5K | +6.1% |
| 4 Bedrooms | $299.9K | $269.5K | -10.2% |
| 5+ Bedrooms | $332.5K | $459K | +38.0% |
Summary: Gadsden housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 158.7%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Cities
| Rainbow City | $235K | $260K | +10.6% |
| Attalla | $137K | $148.2K | +8.2% |
| Gadsden | $190K | $190.6K | 0.3% |
Housing Supply in Gadsden, AL
How many homes are available in Gadsden, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 311 | 322 | +3.5% |
Summary: The Gadsden real estate market had 322 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 180 | 186 | +3.3% |
| 4 Bedrooms | 71 | 75 | +5.6% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Gadsden housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 60 | +3.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gadsden, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Gadsden in October 2024, up by 3.4% month-over-month. Of the 60 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market for Gadsden, AL
How long does it take to sell a home in Gadsden, AL?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gadsden are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 60 homes were sold in Gadsden; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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.