Hazel Green's real estate market is experiencing a price correction, with values down 10.6% from last year. Home prices have decreased 10.4% in the past month. With 5.1 months of supply, Hazel Green's inventory levels remain relatively tight. Properties are selling within just 38 days on average, much faster than the historical norm of 113 days. 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 Hazel Green market with the affordability index at 558.0. Looking ahead, the Hazel Green market is expected to maintain its current trajectory with relatively stable conditions.
Hazel Green, AL has a total population of 3,706 residents. The area is predominantly White (81.8%), The African American population is 14.6%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Hazel Green, AL.
Market predictions for Hazel Green, AL show an upward trend in home prices, with values increasing by 9.4%. This indicates a moderate but notable price trend. The current median home price in Hazel Green, AL is approximately $291,899.678. Based on current trends, home prices in Hazel Green, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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