$2,374 Closing Credit*
$199,900
962 SqFt
2 Beds
•1 Full Bath
Listing Office: Century 21 Bellora
Is Long Island, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$244,950
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$69,250(+39.4%)
Key Takeaway
Homes in Long Island have sold for 39.4% more than they did a year ago.
Summary: The median home sold price in Long Island was $244,950 in October 2024, up 39.4% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $175K | N/A |
| 2 Bedrooms | $126K | - | N/A |
| 3 Bedrooms | $169.9K | $230K | +35.3% |
| 4 Bedrooms | $330K | $287.7K | -12.8% |
| 5+ Bedrooms | $200K | $389.9K | +95.0% |
Summary: Long Island housing prices by bedroom type for October 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 increased by 35.3%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 95%.
Median Sold Price Compared To Nearby Cities
| Long Island | $175.7K | $244.9K | +39.4% |
| Bryant | $200K | $261K | +30.5% |
Housing Supply in Long Island, AL
How many homes are available in Long Island, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Long Island real estate market had 24 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Long Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Long Island, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Long Island in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% 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.
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