The housing market in Cullman continues to see strong price appreciation, with values up 11.4% compared to last year. Home prices have increased 6.9% in the past month alone. With 3.1 months of supply, Cullman's inventory levels remain relatively tight. Transaction volume is up 38% compared to what's typically expected this time of year. A significant 33.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Cullman market with the affordability index at 113.2. Based on current market indicators, home prices in Cullman are projected to decrease by approximately 15.2% over the next month.
Cullman, AL has a total population of 16,962 residents. The area is predominantly White (86.6%), The area has a more homogeneous population distribution. As a smaller community, Cullman, AL offers a close-knit residential environment.
Crime analysis for Cullman, AL shows 690 total incidents across all categories. The most prevalent crime type is Assault (47.5% of all incidents). This is followed by Property Crime at 43.6%. The crime rate in Cullman, AL is moderate, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Market predictions for Cullman, AL show an upward trend in home prices, with values increasing by 7.4%. This indicates a moderate but notable price trend. The current median home price in Cullman, AL is approximately $232,306.946. Based on current trends, home prices in Cullman, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Cullman, AL features 1 investment hotspots with varying levels of activity. The average nightly rate of $106 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.1/5. The high average hotspot score of 0.83 indicates excellent investment potential in these areas. With only 8 hotels, this represents an emerging market with potential for growth.
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