The housing market in Oneonta continues to see strong price appreciation, with values up 42.1% compared to last year. Home prices have increased 80.5% in the past month alone. With 55 active listings, inventory is 62% higher than seasonal norms. Homes are taking about 69 days to sell, which is 16 days longer than this time last year. A significant 21.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Oneonta market with the affordability index at 317.8. Based on current market indicators, home prices in Oneonta are projected to decrease by approximately 14.3% over the next month.
Oneonta, AL has a total population of 8,251 residents. The area is predominantly White (72.2%), Hispanic/Latino residents represent 11.5% of the population. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Oneonta, AL.
Crime analysis for Oneonta, AL shows 167 total incidents across all categories. The most prevalent crime type is Property Crime (80.2% of all incidents). This is followed by Assault at 16.2%. The crime rate in Oneonta, AL is relatively low, with violent crimes being more common than property crimes. This suggests Oneonta, AL is generally a safe area for residents and visitors.
Market predictions for Oneonta, AL show an upward trend in home prices, with values increasing by 2.9%. This suggests a gradual price adjustment in the market. The current median home price in Oneonta, AL is approximately $297,786.455. The stable price trend suggests a balanced market in Oneonta, AL, suitable for both buyers and sellers.
Oneonta, AL features 1 investment hotspots with varying levels of activity. The low average nightly rate of $81 indicates a budget-friendly market. The average rating of 3.0/5 suggests room for improvement in guest experience. The moderate average hotspot score of 0.56 suggests mixed investment potential. With only 3 hotels, this represents an emerging market with potential for growth.
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