Is Elberta, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Elberta was a Neutral Market.
Housing Prices in Elberta, AL
How much do homes in Elberta, AL cost?
Median Sold Price
$326,149
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elberta was $326,149 in May 2024, down 33.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $360K | -6.5% |
2 Bedrooms | $227.5K | $312K | +37.1% |
3 Bedrooms | $380K | $321.5K | -15.4% |
4 Bedrooms | $600K | $323K | -46.2% |
5+ Bedrooms | $965K | $811.8K | -15.9% |
Summary: Elberta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 37.1%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes decreased by 15.9%.
Housing Supply in Elberta, AL
How many homes are available in Elberta, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 82 | +12.3% |
Summary: The Elberta real estate market had 82 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Elberta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Elberta in May 2024, up by 50.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Elberta, AL
We’re sorry, we don't have information for this market at the moment