The housing market in Cottonwood continues to see strong price appreciation, with values up 27.1% compared to last year. Home prices have increased 122.8% in the past month alone. With 4 active listings, inventory is 100% higher than seasonal norms. Homes are now taking an average of 652 days to sell, significantly longer than the 7 days typical for this market. A significant 25.0% 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 Cottonwood market with the affordability index at 752.6. Based on current market indicators, home prices in Cottonwood are projected to decrease by approximately 8.6% over the next month.
Cottonwood, AL has a total population of 1,133 residents. The area is predominantly White (78.1%), African American residents comprise 19.6% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Cottonwood, AL.
Crime analysis for Cottonwood, AL shows 5 total incidents across all categories. The most prevalent crime type is Assault (40.0% of all incidents). This is followed by Sex Offenses at 20.0%. The crime rate in Cottonwood, AL is very low, with violent crimes being more common than property crimes. This suggests Cottonwood, AL is generally a safe area for residents and visitors.
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