Tallassee's real estate market is experiencing a price correction, with values down 53.5% from last year. Home prices have decreased 55.0% in the past month. With 7.5 months of supply, Tallassee's inventory levels remain relatively tight. Homes are now taking an average of 99 days to sell, significantly longer than the 38 days typical for this market. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Tallassee market with the affordability index at 149.1. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
Tallassee, AL has a total population of 4,846 residents. The area is predominantly White (72.8%), African American residents comprise 23.2% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Tallassee, AL.
Crime analysis for Tallassee, AL shows 51 total incidents across all categories. The most prevalent crime type is Property Crime (45.1% of all incidents). This is followed by Assault at 37.3%. The crime rate in Tallassee, AL is very low, with violent crimes being more common than property crimes. This suggests Tallassee, AL is generally a safe area for residents and visitors.
Market predictions for Tallassee, AL show relatively stable home prices with minimal change (-0.7%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Tallassee, AL is approximately $126,474.104. The stable price trend suggests a balanced market in Tallassee, AL, suitable for both buyers and sellers.
Investment hotspot data for Tallassee, AL is currently unavailable.
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