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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rainsville-Sylvania is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Rainsville-Sylvania has remained a Buyer's Market.

Key Takeaway

Rainsville-Sylvania is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rainsville-Sylvania, AL

How much do homes in Rainsville-Sylvania, AL cost?

Median Sold Price

$229,700

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,800(+12.1%)

Key Takeaway

Homes in Rainsville-Sylvania have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Rainsville-Sylvania was $229,700 in October 2024, up 12.1% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$151K
-26.3%
2 $139K$190K
+36.7%
3 $203.7K$228.7K
+12.3%
4 $270.3K$261.5K
-3.3%
5+ $367.5K$374K
+1.8%

Summary: Rainsville-Sylvania housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.3%, 2 bedroom homes increased by 36.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

Rainsville-Sylvania
+12.1%
Rainsville
+11.7%

Housing Supply in Rainsville-Sylvania, AL

How many homes are available in Rainsville-Sylvania, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5460+11.1%

Summary: The Rainsville-Sylvania real estate market had 60 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 49
+125.0%
3 4141
0.0%
4 67
+16.7%
5+ 33
0.0%

Summary: The Rainsville-Sylvania 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 125%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rainsville-Sylvania, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Rainsville-Sylvania in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Rainsville-Sylvania, 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 4 Days Ago

Newest Listings in Rainsville-Sylvania, AL

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