$2,552 Closing Credit*
$214,899
1,394 SqFt
3 Beds
•2 Full Baths
Phyllis Bolena, Listing Office: Keller Williams Metro South
Is Montevallo, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Montevallo was a Seller's Market.
Key Takeaway
Montevallo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montevallo, AL
How much do homes in Montevallo, AL cost?
Median Sold Price
$313,000
$144/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$13,000(+4.3%)
Key Takeaway
Homes in Montevallo have sold for 4.3% more than they did a month ago.
Summary: The median home sold price in Montevallo was $313,000 in November 2024, up 4.3% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $230K | $240K | +4.3% |
| 4 Bedrooms | $320K | $317.2K | -0.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Montevallo 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 did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Montevallo | $300K | $313K | +4.3% |
| Alabaster-Helena | $344.9K | $349K | +1.2% |
Housing Supply in Montevallo, AL
How many homes are available in Montevallo, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The Montevallo real estate market had 31 homes for sale in November 2024, a 24.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Montevallo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Montevallo, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Montevallo in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Montevallo, AL
How long does it take to sell a home in Montevallo, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 Days | 121 Days | +23.7% |
Summary: Homes in Montevallo had an average of 121 days on market in Nov 2024, up by 23.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Montevallo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Montevallo; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
