$49,000
0.24 Acres
Land
Listing Office: Mid City Real Estate - Madison
Is Gurley, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Gurley has remained a Seller's Market.
Key Takeaway
Gurley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gurley, AL
How much do homes in Gurley, AL cost?
Median Sold Price
$550,370
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$106,799(-16.3%)
Key Takeaway
Homes in Gurley have sold for 16.3% less than they did a year ago.
Summary: The median home sold price in Gurley was $550,370 in September 2024, down 16.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.5K | - | N/A |
| 2 Bedrooms | $117.7K | $144K | +22.4% |
| 3 Bedrooms | $445K | $343.7K | -22.8% |
| 4 Bedrooms | $724.9K | $642.6K | -11.4% |
| 5+ Bedrooms | $738K | $757.4K | +2.6% |
Summary: Gurley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.4%, 3 bedroom homes decreased by 22.8%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| New Market | $300K | $309.5K | +3.2% |
| Gurley | $657.1K | $550.3K | -16.3% |
Housing Supply in Gurley, AL
How many homes are available in Gurley, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 71 | 76 | +7.0% |
Summary: The Gurley real estate market had 76 homes for sale in September 2024, a 7.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 38 | 37 | -2.6% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Gurley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gurley, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Gurley in September 2024, up by 75.0% month-over-month. Of the 14 sold homes, 7% were sold under asking, 57% were sold at asking, and 36% were sold over asking.
Days on Market for Gurley, AL
We’re sorry, we don't have information for this market at the moment
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