$2,019 Closing Credit*
$170,000
317 SqFt
1 Bed
•1 Full Bath
Listing Office: Alabama Living Real Estate
Is Valley Head-Mentone, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Valley Head-Mentone was a Seller's Market.
Key Takeaway
Valley Head-Mentone is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Valley Head-Mentone, AL
How much do homes in Valley Head-Mentone, AL cost?
Median Sold Price
$376,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,500(+10.7%)
Key Takeaway
Homes in Valley Head-Mentone have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Valley Head-Mentone was $376,500 in October 2024, up 10.7% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $257.4K | +28.7% |
| 2 Bedrooms | $282.4K | $380.7K | +34.8% |
| 3 Bedrooms | $384K | $390K | +1.6% |
| 4 Bedrooms | $420K | $410K | -2.4% |
| 5+ Bedrooms | - | $371K | N/A |
Summary: Valley Head-Mentone housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.7%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Valley Head-Mentone | $340K | $376.5K | +10.7% |
| Mentone | $340K | $373.7K | +9.9% |
| Fort Payne | $219.9K | $226K | +2.8% |
Housing Supply in Valley Head-Mentone, AL
How many homes are available in Valley Head-Mentone, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The Valley Head-Mentone real estate market had 37 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Valley Head-Mentone housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley Head-Mentone, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Valley Head-Mentone in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Valley Head-Mentone, AL
We’re sorry, we don't have information for this market at the moment
Based on information from the Georgia MLS © 2024.