With only 1.3 months of inventory, Level Plains remains a seller's market. The median home price in Level Plains currently stands at $195,000. At the current pace, all available homes in Level Plains would sell out in just 1.3 months, indicating a continued supply shortage. Transaction volume is up 50% compared to what's typically expected this time of year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Level Plains market with the affordability index at 856.2. Based on current market indicators, home prices in Level Plains are projected to increase by approximately 11.6% over the next month.
Level Plains, AL has a total population of 2,102 residents. The area is predominantly White (50.4%), Hispanic/Latino residents represent 11.9% of the population. African American residents comprise 17.1% of the community. with Asian residents representing 3.5%. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Level Plains, AL.
Crime analysis for Level Plains, AL shows 18 total incidents across all categories. The most prevalent crime type is Assault (61.1% of all incidents). This is followed by Property Crime at 33.3%. The crime rate in Level Plains, AL is very low, with violent crimes being more common than property crimes. This suggests Level Plains, AL is generally a safe area for residents and visitors.
Market predictions for Level Plains, AL show relatively stable home prices with minimal change (-0.7%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Level Plains, AL is approximately $216,086.475. The stable price trend suggests a balanced market in Level Plains, AL, suitable for both buyers and sellers.
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