With 8.0 months of inventory, Mentone is currently in a buyer's market. The median home price in Mentone currently stands at $493,900. With 8.0 months of supply, Mentone's inventory levels remain relatively tight. Homes are taking about 6 days to sell, which is NaN days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Mentone market with the affordability index at 7870.9. Based on current market indicators, home prices in Mentone are projected to increase by approximately 14.0% over the next month.
Mentone, AL has a total population of 321 residents. The area is predominantly White (100.0%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Mentone, AL.
Market predictions for Mentone, AL show relatively stable home prices with minimal change (-0.4%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Mentone, AL is approximately $560,912.578. The stable price trend suggests a balanced market in Mentone, AL, suitable for both buyers and sellers.
Investment hotspot data for Mentone, AL is currently unavailable.
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