$2,244 Closing Credit*
$189,000
2,042 SqFt
4 Beds
•2 Full Baths
Christy Parker, Listing Office: RE/MAX Town & Lake Realty
Is Tallassee, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $114.9K | +27.7% |
| 3 Bedrooms | $173.4K | $202K | +16.5% |
| 4 Bedrooms | $310K | $325K | +4.8% |
| 5+ Bedrooms | $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 | $192.6K | $199.9K | +3.8% |
| Tallassee | $192.6K | $199.9K | +3.8% |
Housing Supply in Tallassee, AL
How many homes are available in Tallassee, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 1 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 62 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
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.
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