Gordo's real estate market is experiencing a price correction, with values down 18.6% from last year. The median home price has fallen to $209,900, a significant 18.6% decrease year-over-year. With 3 active listings, inventory is 200% higher than seasonal norms. Transaction volume is up 100% compared to what's typically expected this time of year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Gordo market with the affordability index at 901.8. Based on current market indicators, home prices in Gordo are projected to decrease by approximately 10.8% over the next month.
Gordo, AL has a total population of 1,408 residents. The area is predominantly White (59.4%), African American residents comprise 39.1% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Gordo, AL.
Crime analysis for Gordo, AL shows 6 total incidents across all categories. The most prevalent crime type is Assault (50.0% of all incidents). This is followed by Property Crime at 50.0%. The crime rate in Gordo, AL is very low, with violent crimes being more common than property crimes. This suggests Gordo, AL is generally a safe area for residents and visitors.
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