$4,150 Closing Credit*
$349,500
1,150 SqFt
2 Beds
•2 Full Baths
Louis Josof, Listing Office: Louis Josof Realty
Is Vestavia Hills, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Vestavia Hills was a Neutral Market.
Key Takeaway
Vestavia Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vestavia Hills, AL
How much do homes in Vestavia Hills, AL cost?
Median Sold Price
$500,000
$205/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$58,269(+13.2%)
Key Takeaway
Homes in Vestavia Hills have sold for 13.2% more than they did a month ago.
Summary: The median home sold price in Vestavia Hills was $500,000 in November 2024, up 13.2% from last month, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $147.5K | N/A |
| 2 Bedrooms | $233.2K | $184.5K | -20.9% |
| 3 Bedrooms | $436.2K | $450K | +3.2% |
| 4 Bedrooms | $875K | $779K | -11.0% |
| 5+ Bedrooms | $1.0M | $920K | -10.7% |
Summary: Vestavia Hills 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 decreased by 20.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Hoover | $419.5K | $485.5K | +15.7% |
| Vestavia Hills | $441.7K | $500K | +13.2% |
| Mountain Brook | $827.5K | $870K | +5.1% |
| Birmingham | $274K | $263.6K | -3.8% |
| Homewood | $515K | $480K | -6.8% |
Housing Supply in Vestavia Hills, AL
How many homes are available in Vestavia Hills, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 179 | +11.2% |
Summary: The Vestavia Hills real estate market had 179 homes for sale in November 2024, a 11.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 59 | 60 | +1.7% |
| 4 Bedrooms | 47 | 56 | +19.1% |
| 5+ Bedrooms | 28 | 30 | +7.1% |
Summary: The Vestavia Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 59 | +145.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vestavia Hills, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Vestavia Hills in November 2024, up by 145.8% month-over-month. Of the 59 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Vestavia Hills, AL
How long does it take to sell a home in Vestavia Hills, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +8.9% |
Summary: Homes in Vestavia Hills had an average of 27 days on market in Nov 2024, up by 8.9% compared to last month.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vestavia Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 59 homes were sold in Vestavia Hills; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
