The housing market in Good Hope continues to see strong price appreciation, with values up 224.7% compared to last year. Home prices have increased 17.6% in the past month alone. With 22 active listings, inventory is 83% higher than seasonal norms. Properties are selling within just 149 days on average, much faster than the historical norm of 6021 days. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Good Hope market with the affordability index at 923.4. Based on current market indicators, home prices in Good Hope are projected to increase by approximately 12.5% over the next month.
Good Hope, AL has a total population of 4,023 residents. The area is predominantly White (56.0%), with a significant Hispanic/Latino community (21.3%). This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Good Hope, AL.
Market predictions for Good Hope, AL show an upward trend in home prices, with values increasing by 4.0%. This suggests a gradual price adjustment in the market. The current median home price in Good Hope, AL is approximately $292,616.677. The stable price trend suggests a balanced market in Good Hope, AL, suitable for both buyers and sellers.
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