$3,301 Closing Credit*
$278,000
2,230 SqFt
3 Beds
•3 Full Baths
Listing Office: South State Realty, LLC
Is Rainsville-Sylvania, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $151K | -26.3% |
| 2 Bedrooms | $139K | $190K | +36.7% |
| 3 Bedrooms | $203.7K | $228.7K | +12.3% |
| 4 Bedrooms | $270.3K | $261.5K | -3.3% |
| 5+ Bedrooms | $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 | $204.9K | $229.7K | +12.1% |
| Rainsville | $203.7K | $227.5K | +11.7% |
Housing Supply in Rainsville-Sylvania, AL
How many homes are available in Rainsville-Sylvania, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 60 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -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
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
