Pelham, AL
Housing market overview · Updated weekly
$350,000median sale price
Homes sold
25
Last 12 weeks
Days on market
103
Average pace
Active listings
116
4.6 months supply
Sale-to-list
98.4%
Below asking
The Pelham housing market is currently classified as a leaning buyer's with a median sale price of $350,000. Prices have risen 16.7% compared to last year, with homes spending an average of 103 days on market, indicating 4.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Pelham?
The median home sale price in Pelham is $350,000, up 16.7% from last year.
How long do homes stay on market in Pelham?
Homes typically spend 103 days on market before going under contract.
Is Pelham a buyer's or seller's market?
With 4.6 months of supply, Pelham is currently a leaning buyer's.
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