Is College Park, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, College Park has remained a Seller's Market.
Housing Prices in College Park, AL
How much do homes in College Park, AL cost?
Median Sold Price
$376,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in College Park was $376,000 in May 2024, up 46.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $135K | +28.6% |
2 Bedrooms | $209.4K | $377.5K | +80.2% |
3 Bedrooms | $360.3K | $351.5K | -2.5% |
4 Bedrooms | $428K | $509K | +18.9% |
5+ Bedrooms | $594.5K | $599.9K | +0.9% |
Summary: College Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 80.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
College Park | $256K | $376K | +46.9% |
Parkhill | $290K | $306.5K | +5.7% |
Housing Supply in College Park, AL
How many homes are available in College Park, AL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Summary: The College Park real estate market had 32 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 8 | 14 | +75.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The College Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in College Park in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for College Park, AL
We’re sorry, we don't have information for this market at the moment