Housing Prices in Homewood, AL

How much do homes in Homewood, AL cost?

Median List Price

$592,499

$303/sqft

Based on all homes listed in May 2024.

Difference Since Last Month

+$30,499(+5.4%)

Key Takeaway

The list price of homes in Homewood has increased by 5.4% since April.

Summary: The median home list price in Homewood was $592,499 in May 2024, up 5.4% from the previous month, and the median price per square foot was $303.

Median List Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$149.2K
N/A
2 $175K$180K
+2.9%
3 $578.5K$575K
-0.6%
4 $859.9K$899K
+4.5%
5+ $629.9K$835K
+32.6%

Summary: Homewood housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 32.6%.

Median List Price Compared To Nearby Cities

Birmingham
+14.3%
Hoover
+6.3%
Homewood
+5.4%
Vestavia Hills
-2.9%
Mountain Brook
-10.6%

Housing Supply in Homewood, AL

How many homes are available in Homewood, AL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1438+171.4%

Summary: The Homewood real estate market had 38 homes for sale in May 2024, a 171.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 510
+100.0%
3 29
+350.0%
4 411
+175.0%
5+ 36
+100.0%

Summary: The Homewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 350%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 100%.

Days on Market for Homewood, AL

How long does it take to sell a home in Homewood, AL?

Average Listing Age

Apr 2024May 2024CHANGE
56 Days36 Days-34.6%

Summary: Homes in Homewood had an average listing age of 36 days in May 2024, down by 34.6% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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Newest Listings in Homewood, AL

Nearby Markets to Homewood, AL

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MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS for the period 04/01/2024 - 06/01/2024

IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 4:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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