The present housing market in Webb is down with high active listings and low sales volume. The median home price has fallen to $70,000, a significant 44.8% decrease year-over-year. With 4 active listings, inventory is 300% higher than seasonal norms. Homes are now taking an average of 209 days to sell, significantly longer than the 126 days typical for this market. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Webb market with the affordability index at 372.3. Based on current market indicators, home prices in Webb are projected to increase by approximately 4.0% over the next month.
Webb, AL has a total population of 1,590 residents. The area is predominantly White (71.8%), African American residents comprise 17.4% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Webb, AL.
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