Is Marshall County, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshall County is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Marshall County was a Seller's Market.

Key Takeaway

Marshall County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Marshall County, AL

How much do homes in Marshall County, AL cost?

Median Sold Price

$254,224

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$14,226(+5.9%)

Key Takeaway

Homes in Marshall County have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Marshall County was $254,224 in December 2024, up 5.9% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $159.5K$152.7K
-4.3%
2 $153.3K$172K
+12.2%
3 $230K$240.6K
+4.6%
4 $325K$340K
+4.6%
5+ $480K$514K
+7.1%

Summary: Marshall County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Counties

DeKalb County
+11.6%
Jackson County
+10.3%
Marshall County
+5.9%
Madison County
+0.6%
Morgan County
0.0%

Housing Supply in Marshall County, AL

How many homes are available in Marshall County, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
523504-3.6%

Summary: The Marshall County real estate market had 504 homes for sale in December 2024, a 3.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 910
+11.1%
2 4749
+4.3%
3 289278
-3.8%
4 142129
-9.2%
5+ 3638
+5.6%

Summary: The Marshall County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
9064-28.9%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshall County, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Marshall County in December 2024, down by 28.9% month-over-month. Of the 64 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.

Days on Market for Marshall County, AL

How long does it take to sell a home in Marshall County, AL?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Marshall County has remained consistent over time.

Summary: During December 2024, 64 homes were sold in Marshall County; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Marshall County, AL

Nearby Markets to Marshall County, AL

What housing markets are near Marshall County, AL?