$2,613 Closing Credit*
$220,000
1,200 SqFt
3 Beds
•2 Full Baths
Hannah Gagnon, Listing Office: Keller Williams Realty Vestavia
Is Leeds, 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, Leeds has remained a Neutral Market.
Key Takeaway
Leeds 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 Leeds, AL
How much do homes in Leeds, AL cost?
Median Sold Price
$255,950
$169/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$7,500(+3.0%)
Key Takeaway
Homes in Leeds have sold for 3% more than they did a month ago.
Summary: The median home sold price in Leeds was $255,950 in November 2024, up 3% from last month, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $102K | $57.4K | -43.8% |
| 3 Bedrooms | $288.5K | $251.9K | -12.7% |
| 4 Bedrooms | $177.5K | $260K | +46.5% |
| 5+ Bedrooms | - | $337.5K | N/A |
Summary: Leeds 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 43.8%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 46.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Trussville | $320K | $372.7K | +16.5% |
| Leeds | $248.4K | $255.9K | +3.0% |
| Irondale | $255K | $262.5K | +2.9% |
| Birmingham | $274K | $263.6K | -3.8% |
| Moody | $284.9K | $255K | -10.5% |
Housing Supply in Leeds, AL
How many homes are available in Leeds, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 80 | +14.3% |
Summary: The Leeds real estate market had 80 homes for sale in November 2024, a 14.3% 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 48 | 50 | +4.2% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Leeds 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 increased by 100%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leeds, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Leeds in November 2024, the same as the previous month. Of the 12 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Leeds, AL
How long does it take to sell a home in Leeds, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 20 Days | -50.7% |
Summary: Homes in Leeds had an average of 20 days on market in Nov 2024, down by 50.7% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leeds are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Leeds; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
