With only 2.1 months of inventory, Satsuma remains a seller's market. Home prices have decreased 13.6% in the past month. With 17 active listings, inventory is 55% higher than seasonal norms. Homes are taking about 35 days to sell, which is 2 days longer than this time last year. A significant 47.1% 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 Satsuma market with the affordability index at 310.3. Looking ahead, the Satsuma market is expected to maintain its current trajectory with relatively stable conditions.
Satsuma, AL has a total population of 6,258 residents. The area is predominantly White (82.7%), The African American population is 12.0%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Satsuma, AL.
Crime analysis for Satsuma, AL shows 23 total incidents across all categories. The most prevalent crime type is Assault (60.9% of all incidents). This is followed by Property Crime at 34.8%. The crime rate in Satsuma, AL is very low, with violent crimes being more common than property crimes. This suggests Satsuma, AL is generally a safe area for residents and visitors.
Market predictions for Satsuma, AL show relatively stable home prices with minimal change (1.6%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Satsuma, AL is approximately $230,035.141. The stable price trend suggests a balanced market in Satsuma, AL, suitable for both buyers and sellers.
Investment hotspot data for Satsuma, AL is currently unavailable.
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