Clanton's real estate market is experiencing a price correction, with values down 8.1% from last year. Home prices have increased 4.8% in the past month alone. With 3.8 months of supply, Clanton's inventory levels remain relatively tight. Homes are now taking an average of 174 days to sell, significantly longer than the 50 days typical for this market. A significant 21.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 27.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Clanton market with the affordability index at 184.0. Looking ahead, the Clanton market is expected to maintain its current trajectory with relatively stable conditions.
Clanton, AL has a total population of 8,862 residents. The area is predominantly White (74.2%), African American residents comprise 20.8% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Clanton, AL.
Crime analysis for Clanton, AL shows 192 total incidents across all categories. The most prevalent crime type is Property Crime (58.3% of all incidents). This is followed by Assault at 35.9%. The crime rate in Clanton, AL is relatively low, with violent crimes being more common than property crimes. This suggests Clanton, AL is generally a safe area for residents and visitors.
Market predictions for Clanton, AL show an upward trend in home prices, with values increasing by 5.0%. This suggests a gradual price adjustment in the market. The current median home price in Clanton, AL is approximately $235,147.643. The stable price trend suggests a balanced market in Clanton, AL, suitable for both buyers and sellers.
Clanton, AL features 1 investment hotspots with varying levels of activity. The average nightly rate of $132 suggests an affordable market for travelers. The average rating of 4.0/5 indicates moderate guest satisfaction. With an average hotspot score of 0.75, these areas show good investment opportunities. With only 5 hotels, this represents an emerging market with potential for growth.
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