$199,900
0.25 Acres
Land
Listing Office: Integrity Realty Group
Is Spring Garden, 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, Spring Garden has remained a Seller's Market.
Key Takeaway
Spring Garden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Garden, AL
How much do homes in Spring Garden, AL cost?
Median Sold Price
$270,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+17.4%)
Key Takeaway
Homes in Spring Garden have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Spring Garden was $270,000 in October 2024, up 17.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $139K | -42.1% |
| 2 Bedrooms | $220K | $280K | +27.3% |
| 3 Bedrooms | $196.5K | $260K | +32.3% |
| 4 Bedrooms | $450K | $559K | +24.2% |
| 5+ Bedrooms | - | $275K | N/A |
Summary: Spring Garden housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.1%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spring Garden | $230K | $270K | +17.4% |
| Cedar Bluff-Gaylesville | $287K | $260K | -9.4% |
Housing Supply in Spring Garden, AL
How many homes are available in Spring Garden, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Spring Garden real estate market had 29 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Spring Garden 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 increased by 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 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 Spring Garden, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spring Garden in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Spring Garden, AL
How long does it take to sell a home in Spring Garden, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Spring Garden are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Spring Garden; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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