$3,503 Closing Credit*
$295,000
2,115 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lindsey Milam, Listing Office: eXp Realty Southern Branch
Is Spanish Fort, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Spanish Fort has remained a Seller's Market.
Key Takeaway
Spanish Fort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spanish Fort, AL
How much do homes in Spanish Fort, AL cost?
Median Sold Price
$379,900
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 4.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210.2K | $212K | +0.8% |
| 3 Bedrooms | $285K | $315.9K | +10.9% |
| 4 Bedrooms | $406.5K | $418.7K | +3.0% |
| 5+ Bedrooms | $660K | $501K | -24.1% |
Summary: Spanish Fort housing prices by bedroom type for October 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 10.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 24.1%.
Housing Supply in Spanish Fort, AL
How many homes are available in Spanish Fort, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 84 | +13.5% |
Summary: The Spanish Fort real estate market had 84 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 30 | 38 | +26.7% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Spanish Fort housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spanish Fort, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Spanish Fort in October 2024, down by 6.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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.