$4,167 Closing Credit*
$350,900
1,863 SqFt
3 Beds
•2 Full Baths
Ron Fulton Fulton, Listing Office: LGI Homes- Alabama LLC
Is Kimberly-Morris, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kimberly-Morris was a Seller's Market.
Key Takeaway
Kimberly-Morris is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kimberly-Morris, AL
How much do homes in Kimberly-Morris, AL cost?
Median Sold Price
$365,000
$151/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$116,050(+46.6%)
Key Takeaway
Homes in Kimberly-Morris have sold for 46.6% more than they did a month ago.
Summary: The median home sold price in Kimberly-Morris was $365,000 in November 2024, up 46.6% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $248.9K | $323.3K | +29.9% |
| 4 Bedrooms | $250K | $352K | +40.8% |
| 5+ Bedrooms | - | $385K | N/A |
Summary: Kimberly-Morris 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 did not change, 3 bedroom homes increased by 29.9%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kimberly-Morris | $248.9K | $365K | +46.6% |
| Kimberly | $295K | $352K | +19.3% |
| Morris | $297.9K | $305K | +2.4% |
Housing Supply in Kimberly-Morris, AL
How many homes are available in Kimberly-Morris, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 55 | +1.9% |
Summary: The Kimberly-Morris real estate market had 55 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Kimberly-Morris 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 decreased by 6.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kimberly-Morris, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Kimberly-Morris in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Kimberly-Morris, AL
How long does it take to sell a home in Kimberly-Morris, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +26.3% |
Summary: Homes in Kimberly-Morris had an average of 30 days on market in Nov 2024, up by 26.3% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kimberly-Morris are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Kimberly-Morris; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
