$4,749 Closing Credit*
$399,900
3 Beds
•2 Full Baths, 1 Partial
Emili Hansen, Listing Office: Roberts Brothers TREC
Is Hannon Park, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hannon Park was a Seller's Market.
Key Takeaway
Hannon Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hannon Park, AL
How much do homes in Hannon Park, AL cost?
Median Sold Price
$245,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$44,900(-15.5%)
Key Takeaway
Homes in Hannon Park have sold for 15.5% less than they did a year ago.
Summary: The median home sold price in Hannon Park was $245,000 in October 2024, down 15.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $191K | $200K | +4.7% |
| 3 Bedrooms | $307.5K | $266.7K | -13.3% |
| 4 Bedrooms | $460K | $215K | -53.3% |
| 5+ Bedrooms | $700K | $1.3M | +85.7% |
Summary: Hannon Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 53.3%, and 5+ bedroom homes increased by 85.7%.
Housing Supply in Hannon Park, AL
How many homes are available in Hannon Park, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Hannon Park real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hannon Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hannon Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Hannon Park in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hannon Park, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.