McDonald Chapel's real estate market is currently hot with low inventory and high demand. Home prices have increased 148.3% in the past month alone. At the current pace, all available homes in McDonald Chapel would sell out in just 1.0 months, indicating a continued supply shortage. Homes are now taking an average of 147 days to sell, significantly longer than the 63 days typical for this market. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the McDonald Chapel market with the affordability index at 2631.8. Based on current market indicators, home prices in McDonald Chapel are projected to increase by approximately 10.0% over the next month.
McDonald Chapel, AL has a total population of 662 residents. White residents make up 30.8% of the population, African American residents comprise 69.2% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in McDonald Chapel, AL.
Market predictions for McDonald Chapel, AL show an upward trend in home prices, with values increasing by 2.0%. This suggests a gradual price adjustment in the market. The current median home price in McDonald Chapel, AL is approximately $208,982.181. The stable price trend suggests a balanced market in McDonald Chapel, AL, suitable for both buyers and sellers.
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