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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinson is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Pinson was a Buyer's Market.

Key Takeaway

Pinson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pinson, AL

How much do homes in Pinson, AL cost?

Median Sold Price

$250,000

$122/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$16,000(+6.8%)

Key Takeaway

Homes in Pinson have sold for 6.8% more than they did a month ago.

Summary: The median home sold price in Pinson was $250,000 in September 2024, up 6.8% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $185K$171.5K
-7.3%
3 $210K$250K
+19.0%
4 $317K$264.5K
-16.6%
5+ $375.9K$240K
-36.2%

Summary: Pinson housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes decreased by 36.2%.

Median Sold Price Compared To Nearby Cities

Birmingham
+11.4%
Pinson
+6.8%
Palmerdale
-0.2%
Kimberly-Morris
-12.2%
Center Point
-17.3%

Housing Supply in Pinson, AL

How many homes are available in Pinson, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
103115+11.7%

Summary: The Pinson real estate market had 115 homes for sale in September 2024, a 11.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 6370
+11.1%
4 2427
+12.5%
5+ 1215
+25.0%

Summary: The Pinson housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinson, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Pinson in September 2024, up by 13.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.

Days on Market for Pinson, AL

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

Average Sale Time

Aug 2024Sep 2024CHANGE
62 Days31 Days-49.2%

Summary: Homes in Pinson had an average of 31 days on market in Sep 2024, down by 49.2% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 17 homes were sold in Pinson; 53% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 6% 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 30 Days Ago

Newest Listings in Pinson, AL

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