Explore US City Chelsea, AL - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
The Chelsea housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 8.1% in the past month alone. With 3.1 months of supply, Chelsea's inventory levels remain relatively tight. Homes are taking about 60 days to sell, which is 10 days longer than this time last year. A significant 23.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 18.6% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Chelsea market with the affordability index at 267.0. Based on current market indicators, home prices in Chelsea are projected to decrease by approximately 3.9% over the next month.
Demographics market for - Chelsea, AL
Total Population -
13,344
Chelsea, AL has a total population of 13,680 residents. The area is predominantly White (88.7%), The African American population is 6.5%. The area has a more homogeneous population distribution. As a smaller community, Chelsea, AL offers a close-knit residential environment.
White Race
91%
African American Race
7%
Crime for City - Chelsea, AL
No Data
Real Estate Market Prediction for - Chelsea, AL
Market predictions for Chelsea, AL show an upward trend in home prices, with values increasing by 5.2%. This indicates a moderate but notable price trend. The current median home price in Chelsea, AL is approximately $378,960.063. Based on current trends, home prices in Chelsea, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
City Hotspots Map
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Nearby Cities From- Chelsea, AL
Pelham, AL
Westover, AL
Highland Lakes, AL
Eagle Point, AL
Shoal Creek, AL
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