Is Tallassee, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tallassee is a seller's market

Buyer's
Market

Difference Since October 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

$199,900

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,300(+3.8%)

Key Takeaway

Homes in Tallassee have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Tallassee was $199,900 in October 2024, up 3.8% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $90K$114.9K
+27.7%
3 $173.4K$202K
+16.5%
4 $310K$325K
+4.8%
5+ $475K$317.4K
-33.2%

Summary: Tallassee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 33.2%.

Median Sold Price Compared To Nearby Cities

Tallassee
+3.8%
Tallassee
+3.8%

Housing Supply in Tallassee, AL

How many homes are available in Tallassee, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4235-16.7%

Summary: The Tallassee real estate market had 35 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 2520
-20.0%
4 98
-11.1%
5+ 21
-50.0%

Summary: The Tallassee 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tallassee, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Tallassee in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
62 Days62 Days-0.5%

Summary: Homes in Tallassee had an average of 62 days on market in Oct 2024, down by 0.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tallassee are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Tallassee; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Tallassee, AL

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