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.
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