Citronelle's real estate market is currently hot with low inventory and high demand. Home prices have decreased 22.9% in the past month. With 2.7 months of supply, Citronelle's inventory levels remain relatively tight. Homes are now taking an average of 159 days to sell, significantly longer than the 16 days typical for this market. A significant 50.0% 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 Citronelle market with the affordability index at 341.6. Based on current market indicators, home prices in Citronelle are projected to decrease by approximately 10.0% over the next month.
Citronelle, AL has a total population of 3,722 residents. The area is predominantly White (76.9%), African American residents comprise 21.8% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Citronelle, AL.
Crime analysis for Citronelle, AL shows 14 total incidents across all categories. The most prevalent crime type is Assault (64.3% of all incidents). This is followed by Property Crime at 35.7%. The crime rate in Citronelle, AL is very low, with violent crimes being more common than property crimes. This suggests Citronelle, AL is generally a safe area for residents and visitors.
Market predictions for Citronelle, AL show relatively stable home prices with minimal change (1.1%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Citronelle, AL is approximately $143,795.288. The stable price trend suggests a balanced market in Citronelle, AL, suitable for both buyers and sellers.
Investment hotspot data for Citronelle, AL is currently unavailable.
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