The housing market in Smoke Rise continues to see strong price appreciation, with values up 65.2% compared to last year. Home prices have increased 42.7% in the past month alone. With 2.5 months of supply, Smoke Rise's inventory levels remain relatively tight. Homes are now taking an average of 119 days to sell, significantly longer than the 63 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Smoke Rise market with the affordability index at 2165.2. Based on current market indicators, home prices in Smoke Rise are projected to increase by approximately 4.0% over the next month.
Smoke Rise, AL has a total population of 1,852 residents. The area is predominantly White (98.5%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Smoke Rise, AL.
Market predictions for Smoke Rise, AL show an upward trend in home prices, with values increasing by 3.9%. This suggests a gradual price adjustment in the market. The current median home price in Smoke Rise, AL is approximately $339,174.116. The stable price trend suggests a balanced market in Smoke Rise, AL, suitable for both buyers and sellers.
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