Is Vinemont, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vinemont is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Vinemont was a Neutral Market.

Key Takeaway

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

Housing Prices in Vinemont, AL

How much do homes in Vinemont, AL cost?

Median Sold Price

$205,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,000(-4.2%)

Key Takeaway

Homes in Vinemont have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Vinemont was $205,000 in October 2024, down 4.2% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$155.9K
N/A
2 $150K$136K
-9.3%
3 $222.2K$211.8K
-4.7%
4 $269.9K$406K
+50.4%
5+ $544.9K-
N/A

Summary: Vinemont 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 decreased by 9.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 50.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cullman
-0.9%
Vinemont
-4.2%

Housing Supply in Vinemont, AL

How many homes are available in Vinemont, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The Vinemont real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 97
-22.2%
4 66
0.0%
5+ 01
+100.0%

Summary: The Vinemont 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 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vinemont, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Vinemont in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Vinemont, AL

How long does it take to sell a home in Vinemont, AL?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Vinemont has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Vinemont; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in Vinemont, AL

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What housing markets are near Vinemont, AL?