The housing market in Irondale continues to see strong price appreciation, with values up 16.1% compared to last year. Home prices have increased 2.2% in the past month alone. With 47 active listings, inventory is 68% higher than seasonal norms. Homes are now taking an average of 39 days to sell, significantly longer than the 23 days typical for this market. A significant 25.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 23.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Irondale market with the affordability index at 107.5. Looking ahead, the Irondale market is expected to maintain its current trajectory with relatively stable conditions.
Irondale, AL has a total population of 14,165 residents. The area is predominantly White (51.2%), African American residents comprise 33.6% of the community. This creates a relatively diverse demographic makeup for the area. As a smaller community, Irondale, AL offers a close-knit residential environment.
Crime analysis for Irondale, AL shows 43 total incidents across all categories. The most prevalent crime type is Assault (48.8% of all incidents). This is followed by Property Crime at 41.9%. The crime rate in Irondale, AL is very low, with violent crimes being more common than property crimes. This suggests Irondale, AL is generally a safe area for residents and visitors.
Market predictions for Irondale, AL show an upward trend in home prices, with values increasing by 5.6%. This indicates a moderate but notable price trend. The current median home price in Irondale, AL is approximately $312,486.116. Based on current trends, home prices in Irondale, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Irondale, AL features 1 investment hotspots with varying levels of activity. The average nightly rate of $134 suggests an affordable market for travelers. The average rating of 3.9/5 indicates moderate guest satisfaction. The high average hotspot score of 0.80 indicates excellent investment potential in these areas. With only 7 hotels, this represents an emerging market with potential for growth.
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