$873 Closing Credit*
$73,500
1,100 SqFt
2 Beds
•1 Full Bath
Listing Office: Southern Properties Agency Inc
Is Gaylesville, 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, Gaylesville was a Seller's Market.
Key Takeaway
Gaylesville 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 Gaylesville, AL
How much do homes in Gaylesville, AL cost?
Median Sold Price
$187,500
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$92,500(-33.0%)
Key Takeaway
Homes in Gaylesville have sold for 33% less than they did a year ago.
Summary: The median home sold price in Gaylesville was $187,500 in November 2024, down 33% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $190K | +35.7% |
| 2 Bedrooms | $228.5K | $85K | -62.8% |
| 3 Bedrooms | $289.5K | $185K | -36.1% |
| 4 Bedrooms | $319K | $319K | 0.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gaylesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes decreased by 62.8%, 3 bedroom homes decreased by 36.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cedar Bluff-Gaylesville | $289.2K | $260K | -10.1% |
| Gaylesville | $280K | $187.5K | -33.0% |
Housing Supply in Gaylesville, AL
How many homes are available in Gaylesville, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Gaylesville real estate market had 7 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gaylesville 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 remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 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 Gaylesville, 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 Gaylesville 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 Gaylesville, AL
We’re sorry, we don't have information for this market at the moment
