Is Spanish Fort, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Spanish Fort has remained a Seller's Market.
Housing Prices in Spanish Fort, AL
How much do homes in Spanish Fort, AL cost?
Median Sold Price
$375,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spanish Fort was $375,000 in May 2024, up 11.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $208K | $209.7K | +0.8% |
3 Bedrooms | $283K | $314.9K | +11.3% |
4 Bedrooms | $359.8K | $396.8K | +10.3% |
5+ Bedrooms | $523.8K | $565K | +7.9% |
Summary: Spanish Fort 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 0.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Spanish Fort, AL
How many homes are available in Spanish Fort, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 98 | +8.9% |
Summary: The Spanish Fort real estate market had 98 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 39 | 42 | +7.7% |
4 Bedrooms | 36 | 36 | 0.0% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Spanish Fort housing inventory by bedroom type for May 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 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 25 | +127.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Spanish Fort in May 2024, up by 127.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Spanish Fort, AL
We’re sorry, we don't have information for this market at the moment