The housing market in Abbeville continues to see strong price appreciation, with values up 258.0% compared to last year. Home prices have decreased 59.3% in the past month. At the current pace, all available homes in Abbeville would sell out in just 1.5 months, indicating a continued supply shortage. Homes are now taking an average of 90 days to sell, significantly longer than the 16 days typical for this market. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Abbeville market with the affordability index at 169.8. Based on current market indicators, home prices in Abbeville are projected to increase by approximately 13.7% over the next month.
Abbeville, AL has a total population of 2,765 residents. The area is predominantly White (50.7%), African American residents comprise 37.4% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Abbeville, AL.
Crime analysis for Abbeville, AL shows 44 total incidents across all categories. The most prevalent crime type is Others (59.1% of all incidents). This is followed by Assault at 27.3%. The crime rate in Abbeville, AL is very low, with violent crimes being more common than property crimes. This suggests Abbeville, AL is generally a safe area for residents and visitors.
Market predictions for Abbeville, AL show relatively stable home prices with minimal change (1.5%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Abbeville, AL is approximately $103,315.143. The stable price trend suggests a balanced market in Abbeville, AL, suitable for both buyers and sellers.
Investment hotspot data for Abbeville, AL is currently unavailable.
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