Is Hazel Green, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hazel Green is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Hazel Green was a Seller's Market.

Key Takeaway

Hazel Green 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 Hazel Green, AL

How much do homes in Hazel Green, AL cost?

Median Sold Price

$299,950

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,938(+2.4%)

Key Takeaway

Homes in Hazel Green have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Hazel Green was $299,950 in October 2024, up 2.4% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$105.5K
N/A
2 $85K$170K
+100.0%
3 $259.9K$269.9K
+3.8%
4 $320.6K$335K
+4.5%
5+ $389.9K$420K
+7.7%

Summary: Hazel Green 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 100%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

New Market
+2.6%
Hazel Green
+2.4%
Madison Crossroads
-3.4%
Toney
-4.1%
Meridianville
-6.2%

Housing Supply in Hazel Green, AL

How many homes are available in Hazel Green, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
169159-5.9%

Summary: The Hazel Green real estate market had 159 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 9077
-14.4%
4 6465
+1.6%
5+ 1113
+18.2%

Summary: The Hazel Green 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 14.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3125-19.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hazel Green, expect to pay close to the asking price. 52% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in Hazel Green in October 2024, down by 19.4% month-over-month. Of the 25 sold homes, 36% were sold under asking, 52% were sold at asking, and 12% were sold over asking.

Days on Market for Hazel Green, AL

How long does it take to sell a home in Hazel Green, AL?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hazel Green has remained consistent over time.

Summary: During October 2024, 25 homes were sold in Hazel Green; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Hazel Green, AL

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