$3,693 Closing Credit*
$310,990
1,399 SqFt
3 Beds
•2 Full Baths
Dawn Grummel, Listing Office: Christopher Alan Realty, LLC
Is Alabama, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Alabama was a Seller's Market.
Key Takeaway
Alabama is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alabama, FL
How much do homes in Alabama, FL cost?
Median Sold Price
$333,275
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,912(+11.7%)
Key Takeaway
Homes in Alabama have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Alabama was $333,275 in November 2024, up 11.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $145K | +20.8% |
| 2 Bedrooms | $190.3K | $190K | -0.2% |
| 3 Bedrooms | $329.9K | $331K | 0.3% |
| 4 Bedrooms | $384K | $363.7K | -5.3% |
| 5+ Bedrooms | $454.5K | $525K | +15.5% |
Summary: Alabama housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Alabama | $298.3K | $333.2K | +11.7% |
| Eisenhower | $325K | $338.8K | +4.3% |
| Richmond | $345K | $355K | +2.9% |
| Parkdale | $347.7K | $348K | 0.1% |
Housing Supply in Alabama, FL
How many homes are available in Alabama, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 240 | 261 | +8.8% |
Summary: The Alabama real estate market had 261 homes for sale in November 2024, a 8.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 48 | 54 | +12.5% |
| 3 Bedrooms | 127 | 141 | +11.0% |
| 4 Bedrooms | 60 | 61 | +1.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Alabama housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alabama, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Alabama in November 2024, up by 20.7% month-over-month. Of the 35 sold homes, 43% were sold under asking, 40% were sold at asking, and 17% were sold over asking.
Days on Market for Alabama, FL
How long does it take to sell a home in Alabama, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 47 Days | +34.6% |
Summary: Homes in Alabama had an average of 47 days on market in Nov 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alabama has remained consistent over time.
Summary: During November 2024, 35 homes were sold in Alabama; 23% of homes were sold within 30 days, 66% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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