$4,036 Closing Credit*
$339,900
1,738 SqFt
3 Beds
•2 Full Baths
Listing Office: Angela Grisham & Associates
Is Lauderdale County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lauderdale County has remained a Seller's Market.
Key Takeaway
Lauderdale County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lauderdale County, AL
How much do homes in Lauderdale County, AL cost?
Median Sold Price
$309,500
$141/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$35,500(+13.0%)
Key Takeaway
Homes in Lauderdale County have sold for 13% more than they did a month ago.
Summary: The median home sold price in Lauderdale County was $309,500 in November 2024, up 13% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $133.4K | $469K | +251.4% |
| 3 Bedrooms | $249.9K | $255K | +2.0% |
| 4 Bedrooms | $485K | $525K | +8.2% |
| 5+ Bedrooms | $845K | $549.9K | -34.9% |
Summary: Lauderdale County 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 increased by 251.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 34.9%.
Median Sold Price Compared To Nearby Counties
| Lauderdale County | $274K | $309.5K | +13.0% |
| Wayne County | $370K | $187.4K | -49.3% |
Housing Supply in Lauderdale County, AL
How many homes are available in Lauderdale County, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 109 | -5.2% |
Summary: The Lauderdale County real estate market had 109 homes for sale in November 2024, a 5.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 60 | 54 | -10.0% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Lauderdale County 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 16.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale County, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Lauderdale County in November 2024, down by 16.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Lauderdale County, AL
How long does it take to sell a home in Lauderdale County, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 39 Days | +101.7% |
Summary: Homes in Lauderdale County had an average of 39 days on market in Nov 2024, up by 101.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lauderdale County has remained consistent over time.
Summary: During November 2024, 20 homes were sold in Lauderdale County; 5% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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