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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rainsville is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $210K$82K
-61.0%
2 $120K$190K
+58.3%
3 $202K$228.7K
+13.2%
4 $254.5K$243.7K
-4.2%
5+ $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
+12.1%
Rainsville
+11.7%

Housing Supply in Rainsville, AL

How many homes are available in Rainsville, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4244+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 3432
-5.9%
4 56
+20.0%
5+ 22
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 2024Oct 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Rainsville, AL

Nearby Markets to Rainsville, AL