The housing market in Emerald Mountain continues to see strong price appreciation, with values up 27.0% compared to last year. Home prices have increased 52.7% in the past month alone. With 3.8 months of supply, Emerald Mountain's inventory levels remain relatively tight. Homes are now taking an average of 51 days to sell, significantly longer than the 29 days typical for this market. A significant 21.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Emerald Mountain market with the affordability index at 1307.2. Based on current market indicators, home prices in Emerald Mountain are projected to decrease by approximately 19.6% over the next month.
Emerald Mountain, AL has a total population of 3,341 residents. The area is predominantly White (80.5%), The African American population is 7.9%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Emerald Mountain, AL.
Market predictions for Emerald Mountain, AL show an upward trend in home prices, with values increasing by 13.8%. This represents a significant price movement in the market. The current median home price in Emerald Mountain, AL is approximately $365,906.022. Based on current trends, home prices in Emerald Mountain, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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