Atmore's real estate market is currently hot with low inventory and high demand. Home prices have decreased 29.7% in the past month. At the current pace, all available homes in Atmore would sell out in just 1.8 months, indicating a continued supply shortage. Properties are selling within just 44 days on average, much faster than the historical norm of 184 days. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Atmore market with the affordability index at 122.2. Based on current market indicators, home prices in Atmore are projected to increase by approximately 7.7% over the next month.
Atmore, AL has a total population of 9,278 residents. White residents make up 40.1% of the population, African American residents comprise 57.2% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Atmore, AL.
Crime analysis for Atmore, AL shows 129 total incidents across all categories. The most prevalent crime type is Assault (50.4% of all incidents). This is followed by Property Crime at 41.9%. The crime rate in Atmore, AL is relatively low, with violent crimes being more common than property crimes. This suggests Atmore, AL is generally a safe area for residents and visitors.
Market predictions for Atmore, AL show an upward trend in home prices, with values increasing by 4.8%. This suggests a gradual price adjustment in the market. The current median home price in Atmore, AL is approximately $156,894.401. The stable price trend suggests a balanced market in Atmore, AL, suitable for both buyers and sellers.
Atmore, AL features 1 investment hotspots with varying levels of activity. The average nightly rate of $139 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.1/5. With an average hotspot score of 0.70, these areas show good investment opportunities. With only 3 hotels, this represents an emerging market with potential for growth.
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