$10,000 Closing Credit*
$950,000
3,040 SqFt
4 Beds
•3 Full Baths
Todd Henon, Listing Office: Greater Downtown Realty dba Keller Williams Realty
Is Long Island, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Long Island was a Seller's Market.
Key Takeaway
Long Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Long Island, AL
How much do homes in Long Island, AL cost?
Median Sold Price
$254,950
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,950(+27.5%)
Key Takeaway
Homes in Long Island have sold for 27.5% more than they did a year ago.
Summary: The median home sold price in Long Island was $254,950 in November 2024, up 27.5% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $175K | N/A |
| 2 Bedrooms | $126K | - | N/A |
| 3 Bedrooms | $274K | $235K | -14.2% |
| 4 Bedrooms | $330K | $288.8K | -12.5% |
| 5+ Bedrooms | $200K | $389.9K | +95.0% |
Summary: Long Island housing prices by bedroom type for November 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 decreased by 14.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 95%.
Median Sold Price Compared To Nearby Cities
| Long Island | $200K | $254.9K | +27.5% |
| Bryant | $321.3K | $261K | -18.8% |
Housing Supply in Long Island, AL
How many homes are available in Long Island, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Long Island real estate market had 21 homes for sale in November 2024, a 5.0% increase 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Long Island 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 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Long Island in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Long Island, AL
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.