Priceville's real estate market is currently hot with low inventory and high demand. Home prices have decreased 26.4% in the past month. At the current pace, all available homes in Priceville would sell out in just 0.8 months, indicating a continued supply shortage. Transaction volume is up 38% compared to what's typically expected this time of year. A significant 44.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 18.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Priceville market with the affordability index at 842.4. Based on current market indicators, home prices in Priceville are projected to increase by approximately 3.1% over the next month.
Priceville, AL has a total population of 3,599 residents. The area is predominantly White (93.6%), The African American population is 5.2%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Priceville, AL.
Crime analysis for Priceville, AL shows 39 total incidents across all categories. The most prevalent crime type is Assault (59.0% of all incidents). This is followed by Property Crime at 30.8%. The crime rate in Priceville, AL is very low, with violent crimes being more common than property crimes. This suggests Priceville, AL is generally a safe area for residents and visitors.
Market predictions for Priceville, AL show an upward trend in home prices, with values increasing by 7.1%. This indicates a moderate but notable price trend. The current median home price in Priceville, AL is approximately $342,313.492. Based on current trends, home prices in Priceville, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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