Is Helena, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Helena is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Helena has remained a Seller's Market.

Key Takeaway

Helena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Helena, AL

How much do homes in Helena, AL cost?

Median Sold Price

$344,750

$185/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$25,750(+8.1%)

Key Takeaway

Homes in Helena have sold for 8.1% more than they did a month ago.

Summary: The median home sold price in Helena was $344,750 in November 2024, up 8.1% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $209.9K$206K
-1.9%
3 $280K$300K
+7.1%
4 $344.9K$490K
+42.0%
5+ $424.4K$689K
+62.3%

Summary: Helena housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 42%, and 5+ bedroom homes increased by 62.3%.

Median Sold Price Compared To Nearby Cities

Helena
+8.1%
Alabaster-Helena
+1.2%
Greenwood
+1.0%
Bessemer
-22.1%
Maylene
-32.2%

Housing Supply in Helena, AL

How many homes are available in Helena, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9093+3.3%

Summary: The Helena real estate market had 93 homes for sale in November 2024, a 3.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 4447
+6.8%
4 3332
-3.0%
5+ 910
+11.1%

Summary: The Helena 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 increased by 6.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Helena, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Helena in November 2024, up by 20.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 33% were sold at asking, and 13% were sold over asking.

Days on Market for Helena, AL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
28 Days35 Days+22.5%

Summary: Homes in Helena had an average of 35 days on market in Nov 2024, up by 22.5% compared to last month.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Helena are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 24 homes were sold in Helena; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% 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 18 Days Ago

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