Is Tri-Cities, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tri-Cities is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Tri-Cities was a Neutral Market.

Key Takeaway

Tri-Cities is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tri-Cities, AL

How much do homes in Tri-Cities, AL cost?

Median Sold Price

$249,000

$152/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$13,000(+5.5%)

Key Takeaway

Homes in Tri-Cities have sold for 5.5% more than they did a month ago.

Summary: The median home sold price in Tri-Cities was $249,000 in November 2024, up 5.5% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $200K$264.5K
+32.3%
4 $781K$195K
-75.0%
5+ --
N/A

Summary: Tri-Cities 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 did not change, 3 bedroom homes increased by 32.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tri-Cities
+5.5%
Sheffield
-29.2%

Housing Supply in Tri-Cities, AL

How many homes are available in Tri-Cities, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3026-13.3%

Summary: The Tri-Cities real estate market had 26 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1917
-10.5%
4 53
-40.0%
5+ 22
0.0%

Summary: The Tri-Cities 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 remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tri-Cities, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Tri-Cities in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Tri-Cities, AL

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Tri-Cities, AL

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