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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odenville is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Odenville was a Buyer's Market.

Key Takeaway

Odenville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Odenville, AL

How much do homes in Odenville, AL cost?

Median Sold Price

$232,000

$164/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$7,000(+3.1%)

Key Takeaway

Homes in Odenville have sold for 3.1% more than they did a month ago.

Summary: The median home sold price in Odenville was $232,000 in October 2024, up 3.1% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $210K$231K
+10.0%
4 $240K$262K
+9.2%
5+ --
N/A

Summary: Odenville housing prices by bedroom type for October 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 10%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Springville
+20.9%
Odenville
+3.1%

Housing Supply in Odenville, AL

How many homes are available in Odenville, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4565+44.4%

Summary: The Odenville real estate market had 65 homes for sale in October 2024, a 44.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2435
+45.8%
4 1725
+47.1%
5+ 45
+25.0%

Summary: The Odenville 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 increased by 45.8%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
211+450.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Odenville, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Odenville in October 2024, up by 450.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.

Days on Market for Odenville, AL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
84 Days58 Days-30.7%

Summary: Homes in Odenville had an average of 58 days on market in Oct 2024, down by 30.7% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Odenville; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% 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 17 Days Ago

Newest Listings in Odenville, AL

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