The present housing market in Jasper is down with high active listings and low sales volume. Home prices have increased 2.2% in the past month alone. With 3.6 months of supply, Jasper's inventory levels remain relatively tight. Homes are taking about 70 days to sell, which is -33 days longer than this time last year. A significant 37.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Jasper market with the affordability index at 89.3. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
Jasper, AL has a total population of 13,887 residents. The area is predominantly White (80.5%), The African American population is 11.5%. The area has a more homogeneous population distribution. As a smaller community, Jasper, AL offers a close-knit residential environment.
Crime analysis for Jasper, AL shows 185 total incidents across all categories. The most prevalent crime type is Property Crime (78.4% of all incidents). This is followed by Assault at 18.4%. The crime rate in Jasper, AL is relatively low, with violent crimes being more common than property crimes. This suggests Jasper, AL is generally a safe area for residents and visitors.
Market predictions for Jasper, AL show an upward trend in home prices, with values increasing by 10.4%. This represents a significant price movement in the market. The current median home price in Jasper, AL is approximately $243,109.122. Based on current trends, home prices in Jasper, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Jasper, AL features 1 investment hotspots with varying levels of activity. The low average nightly rate of $76 indicates a budget-friendly market. The average rating of 3.7/5 indicates moderate guest satisfaction. With an average hotspot score of 0.67, these areas show good investment opportunities. With only 3 hotels, this represents an emerging market with potential for growth.
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