With 6.1 months of inventory, Odenville is currently in a buyer's market. Home prices have decreased 20.8% in the past month. With 6.1 months of supply, Odenville's inventory levels remain relatively tight. Homes are now taking an average of 221 days to sell, significantly longer than the 144 days typical for this market. A significant 26.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 12.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Odenville market with the affordability index at 612.8. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
Odenville, AL has a total population of 3,725 residents. The area is predominantly White (98.4%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Odenville, AL.
Crime analysis for Odenville, AL shows 19 total incidents across all categories. The most prevalent crime type is Assault (68.4% of all incidents). This is followed by Property Crime at 31.6%. The crime rate in Odenville, AL is very low, with violent crimes being more common than property crimes. This suggests Odenville, AL is generally a safe area for residents and visitors.
Market predictions for Odenville, AL show an upward trend in home prices, with values increasing by 6.4%. This indicates a moderate but notable price trend. The current median home price in Odenville, AL is approximately $250,455.128. Based on current trends, home prices in Odenville, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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