With 25.0 months of inventory, Calera is currently in a buyer's market. The median home price in Calera currently stands at $197,000. At the current sales pace, it would take over 25.0 months to sell all available homes in Calera, indicating an oversupplied market. Homes are taking about 25 days to sell, which is NaN days longer than this time last year. Only 8.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Calera market with the affordability index at 155.2. Based on current market indicators, home prices in Calera are projected to increase by approximately 11.6% over the next month.
Calera, AL has a total population of 15,097 residents. The area is predominantly White (62.6%), African American residents comprise 26.1% of the community. The area shows moderate demographic diversity. As a smaller community, Calera, AL offers a close-knit residential environment.
Crime analysis for Calera, AL shows 82 total incidents across all categories. The most prevalent crime type is Property Crime (51.2% of all incidents). This is followed by Assault at 40.2%. The crime rate in Calera, AL is very low, with violent crimes being more common than property crimes. This suggests Calera, AL is generally a safe area for residents and visitors.
Market predictions for Calera, AL show an upward trend in home prices, with values increasing by 2.3%. This suggests a gradual price adjustment in the market. The current median home price in Calera, AL is approximately $224,818.196. The stable price trend suggests a balanced market in Calera, AL, suitable for both buyers and sellers.
Investment hotspot data for Calera, AL is currently unavailable.
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