Is Semmes, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Semmes was a Seller's Market.
Housing Prices in Semmes, AL
How much do homes in Semmes, AL cost?
Median Sold Price
$280,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Semmes was $280,000 in May 2024, up 21.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $145K | $258K | +77.9% |
3 Bedrooms | $221.5K | $259.5K | +17.2% |
4 Bedrooms | $268K | $293.5K | +9.5% |
5+ Bedrooms | - | $380K | N/A |
Summary: Semmes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77.9%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Semmes | $230K | $280K | +21.7% |
Tanner Williams | $255K | $255K | 0.0% |
Housing Supply in Semmes, AL
How many homes are available in Semmes, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 94 | +44.6% |
Summary: The Semmes real estate market had 94 homes for sale in May 2024, a 44.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 25 | 43 | +72.0% |
4 Bedrooms | 30 | 36 | +20.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Semmes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 72%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Semmes in May 2024, up by 80.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Semmes, AL
We’re sorry, we don't have information for this market at the moment