The housing market in Valley continues to see strong price appreciation, with values up 54.6% compared to last year. Home prices have increased 36.4% in the past month alone. With 4.3 months of supply, Valley's inventory levels remain relatively tight. Homes are now taking an average of 105 days to sell, significantly longer than the 31 days typical for this market. Approximately 42.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Valley market with the affordability index at 193.3. Based on current market indicators, home prices in Valley are projected to decrease by approximately 19.0% over the next month.
Valley, AL has a total population of 9,543 residents. The area is predominantly White (57.1%), African American residents comprise 36.3% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Valley, AL.
Crime analysis for Valley, AL shows 175 total incidents across all categories. The most prevalent crime type is Property Crime (62.9% of all incidents). This is followed by Assault at 33.7%. The crime rate in Valley, AL is relatively low, with violent crimes being more common than property crimes. This suggests Valley, AL is generally a safe area for residents and visitors.
Market predictions for Valley, AL show relatively stable home prices with minimal change (-0.0%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Valley, AL is approximately $187,893.35. The stable price trend suggests a balanced market in Valley, AL, suitable for both buyers and sellers.
Investment hotspot data for Valley, AL is currently unavailable.
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