Baileyton's real estate market is experiencing a price correction, with values down 42.8% from last year. Home prices have decreased 44.2% in the past month. With 5 active listings, inventory is 67% higher than seasonal norms. Properties are selling within just 90 days on average, much faster than the historical norm of 243 days. A significant 40.0% 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 Baileyton market with the affordability index at 877.5. Based on current market indicators, home prices in Baileyton are projected to increase by approximately 6.0% over the next month.
Baileyton, AL has a total population of 1,160 residents. The area is predominantly White (84.8%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Baileyton, AL.
Market predictions for Baileyton, AL show a downward trend in home prices, with values decreasing by 6.3%. This indicates a moderate but notable price trend. The current median home price in Baileyton, AL is approximately $119,187.483. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in Baileyton, AL.
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