$2,019 Closing Credit*
$170,000
317 SqFt
1 Bed
•1 Full Bath
Listing Office: Alabama Living Real Estate
Is Mentone, 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, Mentone was a Seller's Market.
Key Takeaway
Mentone is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mentone, AL
How much do homes in Mentone, AL cost?
Median Sold Price
$373,750
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,750(+9.9%)
Key Takeaway
Homes in Mentone have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Mentone was $373,750 in October 2024, up 9.9% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244.5K | $270K | +10.4% |
| 2 Bedrooms | $289.9K | $387.4K | +33.6% |
| 3 Bedrooms | $384K | $370K | -3.6% |
| 4 Bedrooms | $460K | $410K | -10.9% |
| 5+ Bedrooms | - | $562.1K | N/A |
Summary: Mentone housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 33.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Valley Head-Mentone | $340K | $376.5K | +10.7% |
| Mentone | $340K | $373.7K | +9.9% |
Housing Supply in Mentone, AL
How many homes are available in Mentone, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Summary: The Mentone real estate market had 33 homes for sale in October 2024, a 13.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mentone housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
4 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 Mentone, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mentone in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mentone, AL
We’re sorry, we don't have information for this market at the moment
Based on information from the Georgia MLS © 2024.