With only 1.8 months of inventory, Northport remains a seller's market. Home prices have decreased 2.0% in the past month. At the current pace, all available homes in Northport would sell out in just 1.8 months, indicating a continued supply shortage. Homes are taking about 14 days to sell, which is 3 days longer than this time last year. A significant 30.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 29.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Northport market with the affordability index at 59.4. Based on current market indicators, home prices in Northport are projected to decrease by approximately 3.1% over the next month.
Northport, AL has a total population of 27,729 residents. The area is predominantly White (68.1%), African American residents comprise 23.0% of the community. The area shows moderate demographic diversity. As a smaller community, Northport, AL offers a close-knit residential environment.
Crime analysis for Northport, AL shows 219 total incidents across all categories. The most prevalent crime type is Assault (49.3% of all incidents). This is followed by Property Crime at 43.4%. The crime rate in Northport, AL is relatively low, with violent crimes being more common than property crimes. While crime exists, Northport, AL maintains reasonable safety levels for most residents.
Market predictions for Northport, AL show an upward trend in home prices, with values increasing by 10.1%. This represents a significant price movement in the market. The current median home price in Northport, AL is approximately $311,035.503. Based on current trends, home prices in Northport, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Investment hotspot data for Northport, AL is currently unavailable.
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