Harpersville's real estate market is experiencing a price correction, with values down 6.5% from last year. The median home price in Harpersville currently stands at $270,000. With only 6 active listings, inventory is 65% lower than typical for this time of year. Sales volume is down 73% compared to seasonal expectations. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Harpersville market with the affordability index at 1328.4. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
Harpersville, AL has a total population of 1,674 residents. The area is predominantly White (84.8%), African American residents comprise 15.2% of the community. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Harpersville, AL.
Crime analysis for Harpersville, AL shows 11 total incidents across all categories. The most prevalent crime type is Assault (81.8% of all incidents). This is followed by Property Crime at 18.2%. The crime rate in Harpersville, AL is very low, with violent crimes being more common than property crimes. This suggests Harpersville, AL is generally a safe area for residents and visitors.
Market predictions for Harpersville, AL show an upward trend in home prices, with values increasing by 2.0%. This suggests a gradual price adjustment in the market. The current median home price in Harpersville, AL is approximately $271,680.579. The stable price trend suggests a balanced market in Harpersville, AL, suitable for both buyers and sellers.
Investment hotspot data for Harpersville, AL is currently unavailable.
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