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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irondale is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Irondale was a Seller's Market.

Key Takeaway

Irondale 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 Irondale, AL

How much do homes in Irondale, AL cost?

Median Sold Price

$262,500

$170/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$7,500(+2.9%)

Key Takeaway

Homes in Irondale have sold for 2.9% more than they did a month ago.

Summary: The median home sold price in Irondale was $262,500 in November 2024, up 2.9% from last month, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $156.5K$75K
-52.1%
3 $277K$282.4K
+2.0%
4 $255K$260K
+2.0%
5+ --
N/A

Summary: Irondale 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 52.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Trussville
+16.5%
Mountain Brook
+5.1%
Leeds
+3.0%
Irondale
+2.9%
Birmingham
-3.8%

Housing Supply in Irondale, AL

How many homes are available in Irondale, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6768+1.5%

Summary: The Irondale real estate market had 68 homes for sale in November 2024, a 1.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 4346
+7.0%
4 1416
+14.3%
5+ 11
0.0%

Summary: The Irondale 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 decreased by 44.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Irondale, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Irondale in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.

Days on Market for Irondale, AL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
28 Days13 Days-53.8%

Summary: Homes in Irondale had an average of 13 days on market in Nov 2024, down by 53.8% compared to last month.

Breakdown of Home Sale Times

9 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

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

Summary: During November 2024, 10 homes were sold in Irondale; 90% of homes were sold within 30 days, 10% 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 22 Days Ago

Newest Listings in Irondale, AL

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