The Spanish Fort housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Spanish Fort currently stands at $223,500. With 3.5 months of supply, Spanish Fort's inventory levels remain relatively tight. Homes are taking about 84 days to sell, which is NaN 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 Spanish Fort market with the affordability index at 413.2. Based on current market indicators, home prices in Spanish Fort are projected to increase by approximately 86.3% over the next month.
Spanish Fort, AL has a total population of 9,547 residents. The area is predominantly White (76.1%), The African American population is 9.0%. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Spanish Fort, AL.
Crime analysis for Spanish Fort, AL shows 65 total incidents across all categories. The most prevalent crime type is Property Crime (67.7% of all incidents). This is followed by Assault at 30.8%. The crime rate in Spanish Fort, AL is very low, with violent crimes being more common than property crimes. This suggests Spanish Fort, AL is generally a safe area for residents and visitors.
Market predictions for Spanish Fort, AL show an upward trend in home prices, with values increasing by 3.6%. This suggests a gradual price adjustment in the market. The current median home price in Spanish Fort, AL is approximately $431,597.082. The stable price trend suggests a balanced market in Spanish Fort, AL, suitable for both buyers and sellers.
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