The housing market in Cowarts continues to see strong price appreciation, with values up 55.5% compared to last year. Home prices have increased 18.3% in the past month alone. At the current pace, all available homes in Cowarts would sell out in just 1.3 months, indicating a continued supply shortage. Homes are now taking an average of 39 days to sell, significantly longer than the 13 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Cowarts market with the affordability index at 722.3. Based on current market indicators, home prices in Cowarts are projected to increase by approximately 15.9% over the next month.
Cowarts, AL has a total population of 2,188 residents. The area is predominantly White (82.0%), The African American population is 9.7%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Cowarts, AL.
Market predictions for Cowarts, AL show relatively stable home prices with minimal change (1.4%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Cowarts, AL is approximately $214,889.571. The stable price trend suggests a balanced market in Cowarts, AL, suitable for both buyers and sellers.
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