Elberta's real estate market is currently hot with low inventory and high demand. The median home price in Elberta currently stands at $350,000. With only 15 active listings, inventory is 55% lower than typical for this time of year. Properties are selling within just 22 days on average, much faster than the historical norm of 108 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Elberta market with the affordability index at 1144.7. Looking ahead, the Elberta market is expected to maintain its current trajectory with relatively stable conditions.
Elberta, AL has a total population of 1,961 residents. The area is predominantly White (97.5%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Elberta, AL.
Crime analysis for Elberta, AL shows 46 total incidents across all categories. The most prevalent crime type is Assault (65.2% of all incidents). This is followed by Property Crime at 32.6%. The crime rate in Elberta, AL is very low, with violent crimes being more common than property crimes. This suggests Elberta, AL is generally a safe area for residents and visitors.
Market predictions for Elberta, AL show a downward trend in home prices, with values decreasing by 6.2%. This indicates a moderate but notable price trend. The current median home price in Elberta, AL is approximately $331,463.131. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in Elberta, AL.
Investment hotspot data for Elberta, AL is currently unavailable.
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