Is Skyland Park, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Skyland Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Skyland Park has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Skyland Park, AL

How much do homes in Skyland Park, AL cost?

Median Sold Price

$249,900

$108/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$362,600(-59.2%)

Key Takeaway

Homes in Skyland Park have sold for 59.2% less than they did a month ago.

Summary: The median home sold price in Skyland Park was $249,900 in December 2024, down 59.2% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$249.9K
N/A
4 --
N/A
5+ $612.5K-
N/A

Summary: Skyland Park housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Terrace Hills
+64.0%
Airmont
-43.0%
Skyland Park
-59.2%

Housing Supply in Skyland Park, AL

How many homes are available in Skyland Park, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1824+33.3%

Summary: The Skyland Park real estate market had 24 homes for sale in December 2024, a 33.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 59
+80.0%
4 1114
+27.3%
5+ 10
-100.0%

Summary: The Skyland Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skyland Park, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Skyland Park in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Skyland Park, 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 10 Days Ago

Newest Listings in Skyland Park, AL

Nearby Markets to Skyland Park, AL