Sumiton's real estate market is currently hot with low inventory and high demand. Home prices have decreased 2.0% in the past month. With only 1 active listings, inventory is 89% lower than typical for this time of year. Homes are now taking an average of 38 days to sell, significantly longer than the 20 days typical for this market. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Sumiton market with the affordability index at 688.8. Based on current market indicators, home prices in Sumiton are projected to decrease by approximately 14.3% over the next month.
Sumiton, AL has a total population of 2,507 residents. The area is predominantly White (91.8%), The African American population is 7.1%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Sumiton, AL.
Crime analysis for Sumiton, AL shows 55 total incidents across all categories. The most prevalent crime type is Property Crime (87.3% of all incidents). This is followed by Assault at 12.7%. The crime rate in Sumiton, AL is very low, with violent crimes being more common than property crimes. This suggests Sumiton, AL is generally a safe area for residents and visitors.
Market predictions for Sumiton, AL show an upward trend in home prices, with values increasing by 2.8%. This suggests a gradual price adjustment in the market. The current median home price in Sumiton, AL is approximately $210,590.127. The stable price trend suggests a balanced market in Sumiton, AL, suitable for both buyers and sellers.
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