$1,663 Closing Credit*
$140,000
752 SqFt
1 Bed
•1 Full Bath
Listing Office: Keller Williams Realty Madison
Housing Prices in Homewood, AL
How much do homes in Homewood, AL cost?
Median List Price
$482,500
$277/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
-$237,500(-33.0%)
Key Takeaway
The list price of homes in Homewood has decreased by 33% since last year.
Summary: The median home list price in Homewood was $482,500 in October 2024, down 33% from the previous year, and the median price per square foot was $277.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149.9K | N/A |
| 2 Bedrooms | - | $189.9K | N/A |
| 3 Bedrooms | $307.4K | $485K | +57.7% |
| 4 Bedrooms | $839.5K | $502.4K | -40.1% |
| 5+ Bedrooms | $1.3M | $949.9K | -32.1% |
Summary: Homewood 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 did not change, 3 bedroom homes increased by 57.7%, 4 bedroom homes decreased by 40.1%, and 5+ bedroom homes decreased by 32.1%.
Median List Price Compared To Nearby Cities
| Hoover | $432.4K | $483.4K | +11.8% |
| Homewood | $720K | $482.5K | -33.0% |
Housing Supply in Homewood, AL
How many homes are available in Homewood, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 55 | +71.9% |
Summary: The Homewood real estate market had 55 homes for sale in October 2024, a 71.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 12 | +300.0% |
| 3 Bedrooms | 15 | 23 | +53.3% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Homewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Days on Market for Homewood, AL
How long does it take to sell a home in Homewood, AL?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 244 Days | 70 Days | -71.1% |
Summary: Homes in Homewood had an average listing age of 70 days in Oct 2024, down by 71.1% compared to the previous year.
