With only 2.9 months of inventory, Meridianville remains a seller's market. Home prices have decreased 10.9% in the past month. With 2.9 months of supply, Meridianville's inventory levels remain relatively tight. Homes are taking about 80 days to sell, which is -19 days longer than this time last year. A significant 35.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 8.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Meridianville market with the affordability index at 333.5. Based on current market indicators, home prices in Meridianville are projected to decrease by approximately 3.1% over the next month.
Meridianville, AL has a total population of 8,131 residents. The area is predominantly White (59.6%), African American residents comprise 23.3% of the community. with Asian residents representing 5.6%. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Meridianville, AL.
Market predictions for Meridianville, AL show an upward trend in home prices, with values increasing by 10.9%. This represents a significant price movement in the market. The current median home price in Meridianville, AL is approximately $376,040.685. Based on current trends, home prices in Meridianville, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Investment hotspot data for Meridianville, AL is currently unavailable.
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