$4,619 Closing Credit*
$389,000
2,148 SqFt
3 Beds
•2 Full Baths
Don Bonner, Listing Office: ARC Realty Cahaba Heights
Is Shelby County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Shelby County was a Neutral Market.
Key Takeaway
Shelby County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shelby County, AL
How much do homes in Shelby County, AL cost?
Median Sold Price
$363,875
$173/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$18,925(+5.5%)
Key Takeaway
Homes in Shelby County have sold for 5.5% more than they did a month ago.
Summary: The median home sold price in Shelby County was $363,875 in November 2024, up 5.5% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.5K | $150K | +6.8% |
| 2 Bedrooms | $293.2K | $202K | -31.1% |
| 3 Bedrooms | $280K | $299.9K | +7.1% |
| 4 Bedrooms | $435K | $423K | -2.8% |
| 5+ Bedrooms | $910K | $674.9K | -25.8% |
Summary: Shelby County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 31.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 25.8%.
Median Sold Price Compared To Nearby Counties
| Shelby County | $344.9K | $363.8K | +5.5% |
| Jefferson County | $270.1K | $280.7K | +3.9% |
| Talladega County | $242.9K | $218K | -10.3% |
| Chilton County | $280K | $245K | -12.5% |
Housing Supply in Shelby County, AL
How many homes are available in Shelby County, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 908 | 992 | +9.3% |
Summary: The Shelby County real estate market had 992 homes for sale in November 2024, a 9.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 45 | 55 | +22.2% |
| 3 Bedrooms | 363 | 381 | +5.0% |
| 4 Bedrooms | 350 | 382 | +9.1% |
| 5+ Bedrooms | 142 | 165 | +16.2% |
Summary: The Shelby County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 144 | 216 | +50.0% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby County, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 216 homes were sold or pending in Shelby County in November 2024, up by 50.0% month-over-month. Of the 216 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.
Days on Market for Shelby County, AL
How long does it take to sell a home in Shelby County, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 42 Days | +4.6% |
Summary: Homes in Shelby County had an average of 42 days on market in Nov 2024, up by 4.6% compared to last month.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shelby County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 216 homes were sold in Shelby County; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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