Is Wetumpka, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$273,225
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wetumpka have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Wetumpka was $273,225 in April 2024, up 12.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $111.2K | $137.5K | +23.6% |
| 3 Bedrooms | $199.9K | $229.9K | +15.0% |
| 4 Bedrooms | $337.1K | $349.9K | +3.8% |
| 5+ Bedrooms | $379K | $442.4K | +16.7% |
Summary: Wetumpka housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Wetumpka, AL
How many homes are available in Wetumpka, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 133 | 150 | +12.8% |
Summary: The Wetumpka real estate market had 150 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 60 | 71 | +18.3% |
| 4 Bedrooms | 56 | 58 | +3.6% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Wetumpka housing inventory by bedroom type for April 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 18.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wetumpka, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Wetumpka in April 2024, up by 7.1% month-over-month. Of the 30 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 74 Days | +63.5% |
Summary: Homes in Wetumpka had an average of 74 days on market in Apr 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wetumpka has remained consistent over time.
Summary: During April 2024, 30 homes were sold in Wetumpka; 30% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 