$3,028 Closing Credit*
$255,000
1,800 SqFt
4 Beds
•3 Full Baths
Listing Office: Bhhs Southern Routes Realty
Is Rainsville, 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, Rainsville was a Seller's Market.
Key Takeaway
Rainsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rainsville, AL
How much do homes in Rainsville, AL cost?
Median Sold Price
$227,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,800(+11.7%)
Key Takeaway
Homes in Rainsville have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Rainsville was $227,500 in October 2024, up 11.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $82K | -61.0% |
| 2 Bedrooms | $120K | $190K | +58.3% |
| 3 Bedrooms | $202K | $228.7K | +13.2% |
| 4 Bedrooms | $254.5K | $243.7K | -4.2% |
| 5+ Bedrooms | $350K | $345K | -1.4% |
Summary: Rainsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Rainsville-Sylvania | $204.9K | $229.7K | +12.1% |
| Rainsville | $203.7K | $227.5K | +11.7% |
Housing Supply in Rainsville, AL
How many homes are available in Rainsville, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The Rainsville real estate market had 44 homes for sale in October 2024, a 4.8% increase 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 | 1 | 4 | +300.0% |
| 3 Bedrooms | 34 | 32 | -5.9% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rainsville 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 increased by 300%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rainsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rainsville in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rainsville, AL
We’re sorry, we don't have information for this market at the moment
