The present housing market in Bessemer is down with high active listings and low sales volume. Home prices have decreased 6.0% in the past month. With 6.5 months of supply, Bessemer's inventory levels remain relatively tight. Sales volume is down 42% compared to seasonal expectations. A significant 32.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 26.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Bessemer market with the affordability index at 33.7. Based on current market indicators, home prices in Bessemer are projected to increase by approximately 7.7% over the next month.