The housing market in Smiths Station continues to see strong price appreciation, with values up 17.0% compared to last year. Home prices have increased 7.3% in the past month alone. With 2.1 months of supply, Smiths Station's inventory levels remain relatively tight. Homes are now taking an average of 42 days to sell, significantly longer than the 22 days typical for this market. A significant 23.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Smiths Station market with the affordability index at 446.9. Based on current market indicators, home prices in Smiths Station are projected to decrease by approximately 14.7% over the next month.
Smiths Station, AL has a total population of 5,793 residents. The area is predominantly White (65.4%), African American residents comprise 32.4% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Smiths Station, AL.
Market predictions for Smiths Station, AL show an upward trend in home prices, with values increasing by 13.4%. This represents a significant price movement in the market. The current median home price in Smiths Station, AL is approximately $311,274.801. Based on current trends, home prices in Smiths Station, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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