The housing market in Alexandria continues to see strong price appreciation, with values up 100.1% compared to last year. Home prices have decreased 4.4% in the past month. With 3.0 months of supply, Alexandria's inventory levels remain relatively tight. Properties are selling within just 25 days on average, much faster than the historical norm of 67 days. A significant 22.2% 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 Alexandria market with the affordability index at 409.1. Based on current market indicators, home prices in Alexandria are projected to decrease by approximately 14.5% over the next month.
Alexandria, AL has a total population of 4,117 residents. The area is predominantly White (84.4%), The African American population is 8.1%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Alexandria, AL.
Market predictions for Alexandria, AL show an upward trend in home prices, with values increasing by 5.0%. This suggests a gradual price adjustment in the market. The current median home price in Alexandria, AL is approximately $251,396.399. The stable price trend suggests a balanced market in Alexandria, AL, suitable for both buyers and sellers.
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