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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wetumpka is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Wetumpka has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wetumpka, AL

How much do homes in Wetumpka, AL cost?

Median Sold Price

$285,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,100(+3.7%)

Key Takeaway

Homes in Wetumpka have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Wetumpka was $285,000 in December 2024, up 3.7% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $145.9K$164.5K
+12.7%
3 $226K$250.5K
+10.8%
4 $345K$358.9K
+4.0%
5+ $445K$425.5K
-4.4%

Summary: Wetumpka housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 4.4%.

Housing Supply in Wetumpka, AL

How many homes are available in Wetumpka, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
136142+4.4%

Summary: The Wetumpka real estate market had 142 homes for sale in December 2024, a 4.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 6467
+4.7%
4 5355
+3.8%
5+ 1413
-7.1%

Summary: The Wetumpka housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2031+55.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wetumpka, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Wetumpka in December 2024, up by 55.0% month-over-month. Of the 31 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for Wetumpka, AL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
57 Days67 Days+17.2%

Summary: Homes in Wetumpka had an average of 67 days on market in Dec 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 31 homes were sold in Wetumpka; 23% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 29% 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 4 Days Ago

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