Shoal Creek's real estate market is experiencing a price correction, with values down 5.0% from last year. Home prices have decreased 5.3% in the past month. With 2.0 months of supply, Shoal Creek's inventory levels remain relatively tight. Homes are taking about 44 days to sell, which is -43 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Shoal Creek market with the affordability index at 3064.9. Looking ahead, the Shoal Creek market is expected to maintain its current trajectory with relatively stable conditions.
Shoal Creek, AL has a total population of 1,116 residents. The area is predominantly White (98.8%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Shoal Creek, AL.
Market predictions for Shoal Creek, 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 Shoal Creek, AL is approximately $569,233.736. Based on current trends, home prices in Shoal Creek, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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