With only 1.0 months of inventory, Altoona remains a seller's market. The median home price in Altoona currently stands at $155,000. At the current pace, all available homes in Altoona would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 57 days to sell, which is NaN days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Altoona market with the affordability index at 745.2. Based on current market indicators, home prices in Altoona are projected to increase by approximately 9.6% over the next month.
Altoona, AL has a total population of 1,245 residents. The area is predominantly White (97.2%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Altoona, AL.
Crime analysis for Altoona, AL shows 1 total incidents across all categories. The most prevalent crime type is Property Crime (100.0% of all incidents). The crime rate in Altoona, AL is very low, with a balanced distribution between violent and property crimes. This suggests Altoona, AL is generally a safe area for residents and visitors.
Market predictions for Altoona, AL show a downward trend in home prices, with values decreasing by 7.5%. This indicates a moderate but notable price trend. The current median home price in Altoona, AL is approximately $157,081.038. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in Altoona, AL.
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