$2,434 Closing Credit*
$205,000
2,025 SqFt
3 Beds
•1 Full Bath, 1 Partial
Taylor Jackson, Listing Office: Real Broker LLC
Is South East Lake, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South East Lake has remained a Buyer's Market.
Key Takeaway
South East Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South East Lake, AL
How much do homes in South East Lake, AL cost?
Median Sold Price
$118,250
$100/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$78,250(+195.6%)
Key Takeaway
Homes in South East Lake have sold for 195.6% more than they did a month ago.
Summary: The median home sold price in South East Lake was $118,250 in October 2024, up 195.6% from last month, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $115K | N/A |
| 4 Bedrooms | $40K | - | N/A |
| 5+ Bedrooms | - | $248K | N/A |
Summary: South East Lake housing prices by bedroom type for October 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.
Housing Supply in South East Lake, AL
How many homes are available in South East Lake, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Summary: The South East Lake real estate market had 34 homes for sale in October 2024, a 70.0% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 14 | 26 | +85.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South East Lake 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 200%, 3 bedroom homes increased by 85.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South East Lake, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in South East Lake in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for South East Lake, AL
How long does it take to sell a home in South East Lake, AL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 28 Days | +366.7% |
Summary: Homes in South East Lake had an average of 28 days on market in Oct 2024, up by 366.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South East Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in South East Lake; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
