Is Parkhill, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Parkhill was a Seller's Market.
Key Takeaway
Parkhill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Parkhill, AL
How much do homes in Parkhill, AL cost?
Median Sold Price
$306,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Parkhill have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Parkhill was $306,500 in May 2024, up 5.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.7K | $189K | +30.6% |
| 3 Bedrooms | $290K | $223K | -23.1% |
| 4 Bedrooms | $513K | $700K | +36.5% |
| 5+ Bedrooms | $695K | $910K | +30.9% |
Summary: Parkhill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.6%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 36.5%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Neighborhoods
| College Park | $256K | $376K | +46.9% |
| Parkhill | $290K | $306.5K | +5.7% |
| Country Club | $705K | $718K | +1.8% |
Housing Supply in Parkhill, AL
How many homes are available in Parkhill, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Summary: The Parkhill real estate market had 35 homes for sale in May 2024, a 20.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 6 | 12 | +100.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Parkhill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Parkhill, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Parkhill in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Parkhill, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.