The housing market in Gardendale continues to see strong price appreciation, with values up 24.1% compared to last year. Home prices have increased 31.1% in the past month alone. With 69 active listings, inventory is 60% higher than seasonal norms. Homes are taking about 42 days to sell, which is 0 days longer than this time last year. A significant 36.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 31.6% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Gardendale market with the affordability index at 197.2. Based on current market indicators, home prices in Gardendale are projected to decrease by approximately 16.2% over the next month.
Gardendale, AL has a total population of 13,884 residents. The area is predominantly White (83.3%), The African American population is 9.5%. The area has a more homogeneous population distribution. As a smaller community, Gardendale, AL offers a close-knit residential environment.
Crime analysis for Gardendale, AL shows 134 total incidents across all categories. The most prevalent crime type is Property Crime (62.7% of all incidents). This is followed by Assault at 26.9%. The crime rate in Gardendale, AL is relatively low, with violent crimes being more common than property crimes. This suggests Gardendale, AL is generally a safe area for residents and visitors.
Market predictions for Gardendale, AL show relatively stable home prices with minimal change (-0.6%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Gardendale, AL is approximately $292,094.589. The stable price trend suggests a balanced market in Gardendale, AL, suitable for both buyers and sellers.
Gardendale, AL features 1 investment hotspots with varying levels of activity. The average nightly rate of $115 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.3/5. With an average hotspot score of 0.73, these areas show good investment opportunities. With only 4 hotels, this represents an emerging market with potential for growth.
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