$120,000
120.00 Acres
Land
Listing Office: Agency On Main
Is Toney, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Toney was a Seller's Market.
Key Takeaway
Toney is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Toney, AL
How much do homes in Toney, AL cost?
Median Sold Price
$282,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$16,644(-5.6%)
Key Takeaway
Homes in Toney have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Toney was $282,000 in September 2024, down 5.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $189K | +23.9% |
| 3 Bedrooms | $269.9K | $250K | -7.4% |
| 4 Bedrooms | $325K | $330K | +1.5% |
| 5+ Bedrooms | $460K | $499.9K | +8.7% |
Summary: Toney housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Hazel Green | $295.4K | $300K | +1.6% |
| Harvest | $309.7K | $312.6K | +0.9% |
| Madison Crossroads | $295.9K | $285K | -3.7% |
| Toney | $298.6K | $282K | -5.6% |
| Meridianville | $352.4K | $328.2K | -6.9% |
Housing Supply in Toney, AL
How many homes are available in Toney, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 84 | 91 | +8.3% |
Summary: The Toney real estate market had 91 homes for sale in September 2024, a 8.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 44 | 50 | +13.6% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Toney housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toney, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Toney in September 2024, down by 6.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Toney, AL
How long does it take to sell a home in Toney, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Toney are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 15 homes were sold in Toney; 7% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.