Grant's real estate market is experiencing a price correction, with values down 54.0% from last year. Home prices have increased 43.4% in the past month alone. At the current sales pace, it would take over 10.0 months to sell all available homes in Grant, indicating an oversupplied market. Homes are now taking an average of 268 days to sell, significantly longer than the 35 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Grant market with the affordability index at 1067.4. Based on current market indicators, home prices in Grant are projected to increase by approximately 8.3% over the next month.
Grant, AL has a total population of 1,713 residents. The area is predominantly White (96.0%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Grant, AL.
Crime analysis for Grant, AL shows 15 total incidents across all categories. The most prevalent crime type is Property Crime (60.0% of all incidents). This is followed by Assault at 40.0%. The crime rate in Grant, AL is very low, with violent crimes being more common than property crimes. This suggests Grant, AL is generally a safe area for residents and visitors.
Market predictions for Grant, AL show relatively stable home prices with minimal change (0.2%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Grant, AL is approximately $206,305.625. The stable price trend suggests a balanced market in Grant, AL, suitable for both buyers and sellers.
Investment hotspot data for Grant, AL is currently unavailable.
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