Is Mulga, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mulga is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Mulga was a Seller's Market.

Key Takeaway

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

Housing Prices in Mulga, AL

How much do homes in Mulga, AL cost?

Median Sold Price

$250,000

$174/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$119,750(+91.9%)

Key Takeaway

Homes in Mulga have sold for 91.9% more than they did a month ago.

Summary: The median home sold price in Mulga was $250,000 in December 2024, up 91.9% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $195K$250K
+28.2%
4 $65.5K-
N/A
5+ --
N/A

Summary: Mulga housing prices by bedroom type for December 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 28.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mulga, AL

How many homes are available in Mulga, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10100.0%

Summary: The Mulga real estate market had 10 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 56
+20.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Mulga housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mulga, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Mulga in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mulga, AL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
117 Days3 Days-97.4%

Summary: Homes in Mulga had an average of 3 days on market in Dec 2024, down by 97.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mulga are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Mulga; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

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