The present housing market in Town Creek is down with high active listings and low sales volume. Home prices have decreased 32.1% in the past month. With 6 active listings, inventory is 200% higher than seasonal norms. Properties are selling within just 4 days on average, much faster than the historical norm of 67 days. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Town Creek market with the affordability index at 1333.3. Based on current market indicators, home prices in Town Creek are projected to decrease by approximately 4.0% over the next month.
Town Creek, AL has a total population of 836 residents. The area is predominantly White (66.3%), African American residents comprise 31.8% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Town Creek, AL.
Crime analysis for Town Creek, AL shows 1 total incidents across all categories. The most prevalent crime type is Assault (100.0% of all incidents). The crime rate in Town Creek, AL is very low, with violent crimes being more common than property crimes. This suggests Town Creek, AL is generally a safe area for residents and visitors.
Market predictions for Town Creek, AL show an upward trend in home prices, with values increasing by 12.1%. This represents a significant price movement in the market. The current median home price in Town Creek, AL is approximately $193,612.036. Based on current trends, home prices in Town Creek, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Investment hotspot data for Town Creek, AL is currently unavailable.
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