With only 0.3 months of inventory, Moores Mill remains a seller's market. The median home price in Moores Mill currently stands at $272,400. At the current pace, all available homes in Moores Mill would sell out in just 0.3 months, indicating a continued supply shortage. Homes are taking about 27 days to sell, which is NaN days longer than this time last year. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Moores Mill market with the affordability index at 447.7. Looking ahead, the Moores Mill market is expected to maintain its current trajectory with relatively stable conditions.
Moores Mill, AL has a total population of 5,577 residents. The area is predominantly White (72.6%), African American residents comprise 19.0% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Moores Mill, AL.
Market predictions for Moores Mill, AL show an upward trend in home prices, with values increasing by 11.7%. This represents a significant price movement in the market. The current median home price in Moores Mill, AL is approximately $309,398.79. Based on current trends, home prices in Moores Mill, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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