$2,969 Closing Credit*
$250,000
1,641 SqFt
3 Beds
•2 Full Baths
Alyson D. Calhoon, Listing Office: KW Montgomery
Is Pike Road, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pike Road was a Seller's Market.
Key Takeaway
Pike Road is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pike Road, AL
How much do homes in Pike Road, AL cost?
Median Sold Price
$357,900
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,394(-0.7%)
Key Takeaway
Homes in Pike Road have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Pike Road was $357,900 in October 2024, down 0.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $153K | $185K | +20.9% |
| 3 Bedrooms | $357.9K | $259.9K | -27.4% |
| 4 Bedrooms | $369.3K | $386.8K | +4.7% |
| 5+ Bedrooms | - | $790K | N/A |
Summary: Pike Road housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.9%, 3 bedroom homes decreased by 27.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Montgomery | $174.8K | $179.9K | +3.0% |
| Mount Meigs | $304.9K | $306.1K | 0.4% |
| Pike Road | $360.2K | $357.9K | -0.7% |
Housing Supply in Pike Road, AL
How many homes are available in Pike Road, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Pike Road real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pike Road 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 decreased by 60%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pike Road, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Pike Road in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Pike Road, AL
How long does it take to sell a home in Pike Road, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 48 Days | -7.7% |
Summary: Homes in Pike Road had an average of 48 days on market in Oct 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pike Road has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Pike Road; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 