Pelham, AL Home Values & Market Trends
Real estate market trends reflect that there have been 486 transactions over the past year in Pelham. The median value for residential home transactions that occurred over the previous year is $295,613.36. The number of current listings in Pelham is 54, and the percentage of properties for sale in the city is 54.00%. Pelham, AL currently has 11 properties in foreclosure, 2 bank owned properties, 9 properties headed for auction, and 54 properties for sale.
Pelham, AL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 35124 | $ 339,000 $ 169/sqft |
Housing Market Summary for Pelham, AL
| Oct 2022 | September 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $279.5K | $287.8K | 2.97% |
| Median Sold Price | $290K | $287.8K | -0.76% |
| Homes For Sale | 51 | 49 | -3.92% |
| Homes Sold | 311 | 278 | -10.61% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Pelham, AL
Browse Homes in Pelham, AL
Pelham home values range from $25,652 to $6,133,988. The median estimated value of a home in Pelham is $295,613.36. The median list price of a home is 317,450, and the total count of properties in the city is 8,409.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Pelham, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Pelham, AL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Pelham, AL ranges from the highest value of $335,596 in 35124 to the lowest value of $164,831 in 35124. Bank owned homes and properties account for 0.02% of properties in Pelham, AL. There is 1 zips within Pelham, AL; 35124 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions35124 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Pelham, AL. Auction homes and other auction properties account for 0.11% of all properties in Pelham, AL. There is 1 zips within Pelham, AL; of that zips, the median estimated home value for homes going to auction ranges from $398,223 in 35124 to the lowest value of $241,275 in 35124.