Eagle Point's real estate market is experiencing a price correction, with values down 6.7% from last year. Home prices have decreased 16.3% in the past month. With 16 active listings, inventory is 78% higher than seasonal norms. Homes are taking about 54 days to sell, which is 15 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 40.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Eagle Point market with the affordability index at 1627.0. Based on current market indicators, home prices in Eagle Point are projected to decrease by approximately 15.3% over the next month.
Eagle Point, AL has a total population of 2,699 residents. The area is predominantly White (87.8%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Eagle Point, AL.
Market predictions for Eagle Point, AL show an upward trend in home prices, with values increasing by 5.1%. This indicates a moderate but notable price trend. The current median home price in Eagle Point, AL is approximately $462,267.461. Based on current trends, home prices in Eagle Point, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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