The housing market in Sterrett continues to see strong price appreciation, with values up 25.2% compared to last year. The median home price of $305,000 represents a substantial 25.2% increase from this time last year. With only 1 active listings, inventory is 75% lower than typical for this time of year. Homes are now taking an average of 41 days to sell, significantly longer than the 25 days typical for this market. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Sterrett market with the affordability index at 2121.7. Based on current market indicators, home prices in Sterrett are projected to increase by approximately 7.4% over the next month.
Sterrett, AL has a total population of 839 residents. The area is predominantly White (96.3%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Sterrett, AL.
Market predictions for Sterrett, AL show relatively stable home prices with minimal change (0.9%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Sterrett, AL is approximately $330,369.048. The stable price trend suggests a balanced market in Sterrett, AL, suitable for both buyers and sellers.
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