$62,000
2.77 Acres
Land
Candice Moore, Listing Office: Southeastern Land Group
Is Tallassee, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Tallassee has remained a Seller's Market.
Key Takeaway
Tallassee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tallassee, AL
How much do homes in Tallassee, AL cost?
Median Sold Price
$205,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,700(+7.2%)
Key Takeaway
Homes in Tallassee have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Tallassee was $205,000 in November 2024, up 7.2% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $93.6K | $80K | -14.5% |
| 3 Bedrooms | $177K | $206.5K | +16.7% |
| 4 Bedrooms | $317.5K | $330K | +3.9% |
| 5+ Bedrooms | $505K | $342.5K | -32.2% |
Summary: Tallassee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 32.2%.
Median Sold Price Compared To Nearby Cities
| Tallassee | $191.3K | $206.5K | +7.9% |
| Tallassee | $191.3K | $205K | +7.2% |
Housing Supply in Tallassee, AL
How many homes are available in Tallassee, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The Tallassee real estate market had 27 homes for sale in November 2024, a 18.2% decrease 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tallassee 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 40%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallassee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Tallassee in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Tallassee, AL
How long does it take to sell a home in Tallassee, AL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 63 Days | +4.3% |
Summary: Homes in Tallassee had an average of 63 days on market in Nov 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tallassee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Tallassee; 50% 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.
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