$3,562 Closing Credit*
$299,999
2,492 SqFt
4 Beds
•2 Full Baths, 1 Partial
Angela Wilson, Listing Office: eXp Realty, LLC Central
Is Sylacauga, 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, Sylacauga has remained a Buyer's Market.
Key Takeaway
Sylacauga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sylacauga, AL
How much do homes in Sylacauga, AL cost?
Median Sold Price
$165,000
$82/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$69,500(-29.6%)
Key Takeaway
Homes in Sylacauga have sold for 29.6% less than they did a month ago.
Summary: The median home sold price in Sylacauga was $165,000 in November 2024, down 29.6% from last month, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $96K | $77.7K | -19.1% |
| 3 Bedrooms | $234.5K | $174K | -25.8% |
| 4 Bedrooms | $372K | $165K | -55.6% |
| 5+ Bedrooms | $649.9K | $400K | -38.5% |
Summary: Sylacauga 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 decreased by 19.1%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 38.5%.
Housing Supply in Sylacauga, AL
How many homes are available in Sylacauga, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 74 | +13.8% |
Summary: The Sylacauga real estate market had 74 homes for sale in November 2024, a 13.8% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 38 | 47 | +23.7% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Sylacauga 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 decreased by 14.3%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sylacauga, 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 Sylacauga in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Sylacauga, AL
How long does it take to sell a home in Sylacauga, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 33 Days | +6.5% |
Summary: Homes in Sylacauga had an average of 33 days on market in Nov 2024, up by 6.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sylacauga are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Sylacauga; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information is deemed to be reliable, but is not guaranteed. © 2024 Lake Martin Area Association of REALTORS®. Prepared by Lake Martin Area Association of Realtors. The information on this sheet has been made available by the MLS and may not be the listing of the provider. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.