$4,011 Closing Credit*
$337,808
1,791 SqFt
4 Beds
•2 Full Baths
Olga Reynolds, Listing Office: DHI Realty of Alabama, LLC
Is Spanish Fort, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Spanish Fort was a Seller's Market.
Key Takeaway
Spanish Fort is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Spanish Fort, AL
How much do homes in Spanish Fort, AL cost?
Median Sold Price
$379,900
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,400(+4.5%)
Key Takeaway
Homes in Spanish Fort have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Spanish Fort was $379,900 in November 2024, up 4.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $210.2K | $212K | +0.8% |
| 3 Bedrooms | $285K | $313.4K | +10.0% |
| 4 Bedrooms | $409K | $424.5K | +3.8% |
| 5+ Bedrooms | $680K | $503K | -26.0% |
Summary: Spanish Fort housing prices by bedroom type for November 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 10%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 26%.
Housing Supply in Spanish Fort, AL
How many homes are available in Spanish Fort, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 85 | +2.4% |
Summary: The Spanish Fort real estate market had 85 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Spanish Fort housing inventory by bedroom type for November 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 6.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spanish Fort, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Spanish Fort in November 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% 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
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.