$2,255 Closing Credit*
$189,900
1,148 SqFt
3 Beds
•2 Full Baths
Graham Rieseberg, Listing Office: eXp Realty, LLC Central
Is Palmerdale, 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, Palmerdale was a Neutral Market.
Key Takeaway
Palmerdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmerdale, AL
How much do homes in Palmerdale, AL cost?
Median Sold Price
$217,500
$134/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$24,900(-10.3%)
Key Takeaway
Homes in Palmerdale have sold for 10.3% less than they did a month ago.
Summary: The median home sold price in Palmerdale was $217,500 in November 2024, down 10.3% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $214.9K | $195K | -9.3% |
| 4 Bedrooms | $360.9K | $310K | -14.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Palmerdale 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 decreased by 9.3%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Remlap | $220K | $576K | +161.8% |
| Kimberly-Morris | $248.9K | $365K | +46.6% |
| Clay | $230K | $275K | +19.6% |
| Pinson | $237K | $229.9K | -3.0% |
| Palmerdale | $242.4K | $217.5K | -10.3% |
Housing Supply in Palmerdale, AL
How many homes are available in Palmerdale, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Palmerdale real estate market had 22 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Palmerdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
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 Palmerdale, 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 Palmerdale in November 2024, the same as the previous 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 Palmerdale, AL
How long does it take to sell a home in Palmerdale, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 128 Days | 62 Days | -51.6% |
Summary: Homes in Palmerdale had an average of 62 days on market in Nov 2024, down by 51.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palmerdale has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Palmerdale; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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