$3,264 Closing Credit*
$274,900
1,482 SqFt
2 Beds
•2 Full Baths
Mary Lou Vonderau, Listing Office: RE/MAX Advantage South
Is Springville, 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, Springville has remained a Seller's Market.
Key Takeaway
Springville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springville, AL
How much do homes in Springville, AL cost?
Median Sold Price
$323,855
$156/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$59,945(-15.6%)
Key Takeaway
Homes in Springville have sold for 15.6% less than they did a month ago.
Summary: The median home sold price in Springville was $323,855 in November 2024, down 15.6% from last month, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $210K | N/A |
| 3 Bedrooms | $350K | $289K | -17.4% |
| 4 Bedrooms | $400.9K | $329.9K | -17.7% |
| 5+ Bedrooms | $409.9K | $406.9K | -0.7% |
Summary: Springville housing prices by bedroom type for November 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 decreased by 17.4%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Odenville | $227.5K | $288.8K | +27.0% |
| Argo | $230K | $276.2K | +20.1% |
| Springville | $383.8K | $323.8K | -15.6% |
Housing Supply in Springville, AL
How many homes are available in Springville, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The Springville real estate market had 59 homes for sale in November 2024, a 3.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Springville 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 decreased by 10.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Springville in November 2024, the same as the previous month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Springville, AL
How long does it take to sell a home in Springville, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 89 Days | +299.3% |
Summary: Homes in Springville had an average of 89 days on market in Nov 2024, up by 299.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Springville; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
