Bessemer, AL
Housing market overview · Updated weekly
$220,000median sale price
Homes sold
13
Last 12 weeks
Days on market
120
Average pace
Active listings
97
7.5 months supply
Sale-to-list
96.1%
Below asking
The Bessemer housing market is currently classified as a buyer's market with a median sale price of $220,000. Prices have risen 29.4% compared to last year, with homes spending an average of 120 days on market, indicating 7.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Bessemer?
The median home sale price in Bessemer is $220,000, up 29.4% from last year.
How long do homes stay on market in Bessemer?
Homes typically spend 120 days on market before going under contract.
Is Bessemer a buyer's or seller's market?
With 7.5 months of supply, Bessemer is currently a buyer's market.
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