Explore US City Saks, AL - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$146,250

Market Insights

Saks's real estate market is experiencing a price correction, with values down 20.9% from last year. Home prices have decreased 16.4% in the past month. With 2.8 months of supply, Saks's inventory levels remain relatively tight. Sales volume is down 41% compared to seasonal expectations. A significant 53.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 30.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Saks market with the affordability index at 110.2. Based on current market indicators, home prices in Saks are projected to increase by approximately 16.1% over the next month.

Demographics market for - Saks, AL

Total Population -

9,832

Saks, AL has a total population of 10,460 residents. The area is predominantly White (60.8%), African American residents comprise 27.3% of the community. The area shows moderate demographic diversity. As a smaller community, Saks, AL offers a close-knit residential environment.

White Race

65%

African American Race

29%

Mexican3% (3% of total population)
Puerto Rican0% (0% of total population)
Cuban0% (0% of total population)
Dominican0%
Salvadoran0%
Costa Rican0%
Gautemalan1% (1% of total population)
Honduran0%
Nicaraguan0%
Panamanian0% (0% of total population)
Argentinean0%
Bolivian0%
Chilean0%
Colombian0%
Ecuadorian0%
Peruvian0%
Uruguyan0%
Venezuelan0%

Indian0%
Bangladeshi0%
Chinese0%
Bhutanese0%
Burmese0%
Filipino0% (0% of total population)
Hmong0%
Indonesian0%
Japanese0%
Korean1% (1% of total population)
Laotian0%
Malaysian0%
Mongolian0%
Nepalese0%
Pakistani0%
Srilankan0%
Taiwanese0%
Pakistani0%
Srilankan0%
Taiwanese0%
Thai0% (0% of total population)
Vietnamese0%

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for City - Saks, AL

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Real Estate Market Prediction for - Saks, AL

Market predictions for Saks, AL show relatively stable home prices with minimal change (-1.2%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Saks, AL is approximately $167,712.363. The stable price trend suggests a balanced market in Saks, AL, suitable for both buyers and sellers.

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City Hotspots Map

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Nearby Cities From- Saks, AL

Alexandria, AL

Anniston, AL

West End-Cobb Town, AL

Weaver, AL

Hobson City, AL

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