Rainbow City, AL
Housing market overview · Updated weekly
$349,000median sale price
Homes sold
7
Last 12 weeks
Days on market
129
Average pace
Active listings
27
3.9 months supply
Sale-to-list
101.2%
Above asking
The Rainbow City housing market is currently classified as a balanced market with a median sale price of $349,000. Prices have fallen 3.1% compared to last year, with homes spending an average of 129 days on market, indicating 3.9 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
Homes for sale in Rainbow City
There are currently 27 homes listed for sale in Rainbow City, Alabama. The median listing price is $297K.
Active listings
27
Homes on market
Median list price
$297K
Avg. days on market
129
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Rainbow City?
The median home sale price in Rainbow City is $349,000, down 3.1% from last year.
How long do homes stay on market in Rainbow City?
Homes typically spend 129 days on market before going under contract.
Is Rainbow City a buyer's or seller's market?
With 3.9 months of supply, Rainbow City is currently a balanced market.
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