Midfield's real estate market is experiencing a price correction, with values down 24.7% from last year. Home prices have decreased 30.6% in the past month. With 5.5 months of supply, Midfield's inventory levels remain relatively tight. Sales volume is down 33% compared to seasonal expectations. A significant 36.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Midfield market with the affordability index at 92.6. Based on current market indicators, home prices in Midfield are projected to decrease by approximately 3.4% over the next month.
Midfield, AL has a total population of 5,200 residents. African American residents comprise 77.5% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Midfield, AL.
Crime analysis for Midfield, AL shows 18 total incidents across all categories. The most prevalent crime type is Property Crime (55.6% of all incidents). This is followed by Assault at 33.3%. The crime rate in Midfield, AL is very low, with violent crimes being more common than property crimes. This suggests Midfield, AL is generally a safe area for residents and visitors.
Market predictions for Midfield, AL show relatively stable home prices with minimal change (0.5%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Midfield, AL is approximately $60,634.866. The stable price trend suggests a balanced market in Midfield, AL, suitable for both buyers and sellers.
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