Is Hokes Bluff, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hokes Bluff is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Hokes Bluff was a Seller's Market.

Key Takeaway

Hokes Bluff is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hokes Bluff, AL

How much do homes in Hokes Bluff, AL cost?

Median Sold Price

$253,400

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,900(+18.7%)

Key Takeaway

Homes in Hokes Bluff have sold for 18.7% more than they did a year ago.

Summary: The median home sold price in Hokes Bluff was $253,400 in October 2024, up 18.7% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $97.4K$100K
+2.6%
3 $204.9K$260K
+26.9%
4 $231.4K$253.4K
+9.5%
5+ $268.2K$380K
+41.6%

Summary: Hokes Bluff 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 2.6%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 41.6%.

Housing Supply in Hokes Bluff, AL

How many homes are available in Hokes Bluff, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1517+13.3%

Summary: The Hokes Bluff real estate market had 17 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1013
+30.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The Hokes Bluff 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 increased by 30%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hokes Bluff, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Hokes Bluff in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hokes Bluff, AL

We’re sorry, we don't have information for this market at the moment

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

Report Updated 18 Days Ago

Newest Listings in Hokes Bluff, AL

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