The housing market in Belle Fontaine continues to see strong price appreciation, with values up 56.9% compared to last year. The median home price of $422,000 represents a substantial 56.9% increase from this time last year. With 2.0 months of supply, Belle Fontaine's inventory levels remain relatively tight. Homes are now taking an average of 146 days to sell, significantly longer than the 14 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Belle Fontaine market with the affordability index at 6205.9. Based on current market indicators, home prices in Belle Fontaine are projected to decrease by approximately 4.7% over the next month.
Belle Fontaine, AL has a total population of 560 residents. The area is predominantly White (88.9%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Belle Fontaine, AL.
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