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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piedmont is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Piedmont has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Piedmont, AL

How much do homes in Piedmont, AL cost?

Median Sold Price

$227,000

$158/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$86,200(+61.2%)

Key Takeaway

Homes in Piedmont have sold for 61.2% more than they did a month ago.

Summary: The median home sold price in Piedmont was $227,000 in December 2024, up 61.2% from last month, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $85K$153.5K
+80.6%
3 $163.5K$263.4K
+61.1%
4 $353.2K$135K
-61.8%
5+ --
N/A

Summary: Piedmont 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 increased by 80.6%, 3 bedroom homes increased by 61.1%, 4 bedroom homes decreased by 61.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spring Garden
+81.4%
Piedmont
+61.2%
Choccolocco
+43.1%

Housing Supply in Piedmont, AL

How many homes are available in Piedmont, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4037-7.5%

Summary: The Piedmont real estate market had 37 homes for sale in December 2024, a 7.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 85
-37.5%
3 2122
+4.8%
4 86
-25.0%
5+ 23
+50.0%

Summary: The Piedmont 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 decreased by 37.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piedmont, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Piedmont in December 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Piedmont, AL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
37 Days19 Days-46.9%

Summary: Homes in Piedmont had an average of 19 days on market in Dec 2024, down by 46.9% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 7 homes were sold in Piedmont; 57% of homes were sold within 30 days, 14% 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

Newest Listings in Piedmont, AL

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