$4,513 Closing Credit*
$380,000
1,986 SqFt
3 Beds
•2 Full Baths
Kristen Lewis, Listing Office: Keller Williams Metro 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
Last month, Springville was a Buyer'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
$392,900
$160/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$67,900(+20.9%)
Key Takeaway
Homes in Springville have sold for 20.9% more than they did a month ago.
Summary: The median home sold price in Springville was $392,900 in October 2024, up 20.9% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $340K | N/A |
| 4 Bedrooms | $240K | $392.9K | +63.7% |
| 5+ Bedrooms | $410K | $409.9K | 0% |
Summary: Springville housing prices by bedroom type for October 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 did not change, 4 bedroom homes increased by 63.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Springville | $325K | $392.9K | +20.9% |
| Odenville | $225K | $232K | +3.1% |
Housing Supply in Springville, AL
How many homes are available in Springville, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 34 | +36.0% |
Summary: The Springville real estate market had 34 homes for sale in October 2024, a 36.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Springville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 58.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springville, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Springville in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 17 Days | -79.9% |
Summary: Homes in Springville had an average of 17 days on market in Oct 2024, down by 79.9% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 October 2024, 7 homes were sold in Springville; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
