Average price-per-square foot for homes sold in 5 Alabama cities

[Michael Auguste]

Anyone who has been in the housing market in Alabama– selling or buying – will tell you that prices have risen steeply in recent years. Just how steeply differs from city to city.

Stacker used data from ZeroDown to compile real estate market reports in major Alabama cities. The statistics are for the four weeks ending March 20.

Here’s what they found:

US averages

Median sales price

• Median sales price: $379,230
• One-year change: +17%

Median sales price per square foot

• Median sales price per square foot: $207
• One-year change: +20%

Off market in two weeks

• Off market in two weeks: 58.9%
• One-year change: +5.4%

Median sales price

• Median sales price: $272,500
• One-year change: +10.8%

Median sales price per square foot

• Median sales price per square foot: $145
• One-year change: +15.8%

Median sales price

• Median sales price: $232,323
• One-year change: +27.2%

Median sales price per square foot

• Median sales price per square foot: $123
• One-year change: +21.3%

Off market in two weeks

• Off market in two weeks: 54.8%
• One-year change: +2.4%

Median sales price

• Median sales price: $203,338
• One-year change: +23.0%

Median sales price per square foot

• Median sales price per square foot: $110
• One-year change: +21.6%

Off market in two weeks

• Off market in two weeks: 22.9%
• One-year change: -10.7%

Median sales price

• Median sales price: $327,676
• One-year change: +25.3%

Median sales price per square foot

• Median sales price per square foot: $155
• One-year change: +23.6%

Off market in two weeks

• Off market in two weeks: 59.2%
• One-year change: +10.8%

Median sales price

• Median sales price: $168,350
• One-year change: +24%

Median sales price per square foot

• Median sales price per square foot: $92
• One-year change: +11.5%

Off market in two weeks

• Off market in two weeks: 11.2%
• One-year change: -8.7%h
• ttps://www.al.com/news/2022/0...

[Michael Auguste]

Quote from @Caleb Bryant:

Thanks for posting this. It's interesting to see how affordable it is here still, yet the growth has been massive. I think Huntsville and Decatur still have a lot of room to grow. Plenty of new jobs and not enough inventory. Bummed I sold my house in OCR because it'd have 100-150k in new equity today. 

 I agree, TONS of potential in the Huntsville Metro area, but with little inventory I see much of our smaller towns BOOMING because of the rapid influx of new residents. I still believe we'll continue to see double digit year over year increases/growth for the next few years.