With only 2.0 months of inventory, Elmore remains a seller's market. The median home price in Elmore currently stands at $250,000. With 2.0 months of supply, Elmore's inventory levels remain relatively tight. Homes are taking about 95 days to sell, which is NaN days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Elmore market with the affordability index at 1213.6. Based on current market indicators, home prices in Elmore are projected to decrease by approximately 10.4% over the next month.
Elmore, AL has a total population of 1,545 residents. The area is predominantly White (52.4%), Hispanic/Latino residents represent 10.7% of the population. African American residents comprise 26.2% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Elmore, AL.
Crime analysis for Elmore, AL shows 140 total incidents across all categories. The most prevalent crime type is Property Crime (47.1% of all incidents). This is followed by Assault at 39.3%. The crime rate in Elmore, AL is relatively low, with violent crimes being more common than property crimes. This suggests Elmore, AL is generally a safe area for residents and visitors.
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