Is Pike Road, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pike Road is a buyer's market

Buyer's
Market

Difference Since November 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

$379,901

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,401(+7.5%)

Key Takeaway

Homes in Pike Road have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Pike Road was $379,901 in November 2024, up 7.5% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$185K
N/A
3 $339K$269.9K
-20.4%
4 $358K$413.3K
+15.4%
5+ -$790K
N/A

Summary: Pike Road housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 20.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pike Road
+7.5%
Montgomery
+2.9%
Mount Meigs
0.4%

Housing Supply in Pike Road, AL

How many homes are available in Pike Road, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
914+55.6%

Summary: The Pike Road real estate market had 14 homes for sale in November 2024, a 55.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 24
+100.0%
4 58
+60.0%
5+ 22
0.0%

Summary: The Pike Road 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 increased by 100%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 November 2024, the same as the previous 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

Nov 2023Nov 2024CHANGE
77 Days52 Days-32.9%

Summary: Homes in Pike Road had an average of 52 days on market in Nov 2024, down by 32.9% 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pike Road has remained consistent over time.

Summary: During November 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.

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 Pike Road, AL

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