California

<h2>The Changing Landscape of Bakersfield Real Estate</h2>
<p>The average <a href="https://www.realtytrac.com/market-trends/bakersfield-ca/">property value in Bakersfield</a> has seen an upward trajectory from May 2023 to April 2024. Starting at an average of $423k, prices dipped to their lowest at $360 by December of last tear. However, prices rebounded to an average of $400k in April 2024.</p>
<p>Regarding the specifics of property pricing, the per-square-foot value is a key indicator. This figure also displayed an increase over the same period, beginning at $220 and slightly decreasing to $221 by November 2023. It’s notable that by April 2024, the per-square-foot value had escalated to $231, suggesting that space within properties in Bakersfield is becoming more valuable.</p>
<p>Variability was also present in the volume of properties sold. October 2023 marked a high, with 5,451 properties sold, while March 2024 saw a reduced figure of 4,317 properties changing hands. These shifts can be indicative of changing market conditions, buyer confidence, and availability of finance options.</p>
<h2>Comprehensive Evaluation of April 2024 Data</h2>
<h4 class="sc-fff60b4-3 bmIvnq">Bakersfield, CA Real Estate Market Overview</h4>
<div class="sc-d1a0c9c3-0 dNcHVF">
<div class="sc-d1a0c9c3-2 bViONd">
<table class="sc-4b91b296-0 NvpMl">
<thead class="sc-4b91b296-3 QrbDO">
<tr class="sc-4b91b296-1 kcFJPr">
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
</tr>
</thead>
<tbody class="sc-4b91b296-2 xbjXs">
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93308/">93308</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 349,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 230/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93313/">93313</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 408,500</p>
<p class="sc-4b91b296-7 gkIasT">$ 214/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93306/">93306</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 353,037</p>
<p class="sc-4b91b296-7 gkIasT">$ 216/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93309/">93309</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 349,754</p>
<p class="sc-4b91b296-7 gkIasT">$ 207/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93311/">93311</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 478,625</p>
<p class="sc-4b91b296-7 gkIasT">$ 227/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93304/">93304</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 294,250</p>
<p class="sc-4b91b296-7 gkIasT">$ 222/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93312/">93312</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 449,000</p>
<p class="sc-4b91b296-7 gkIasT">$ 228/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93305/">93305</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 287,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 209/sqft</p>
</td>
</tr>
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93314/">93314</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 566,217</p>
<p class="sc-4b91b296-7 gkIasT">$ 232/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/bakersfield-ca-93301/">93301</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 340,750</p>
<p class="sc-4b91b296-7 gkIasT">$ 241/sqft</p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
<p>In April 2024, Bakersfield’s real estate presented a mixed picture. While the average sale price was $359,500, there was a notable difference between this and the average property value of $399,990, possibly pointing to a market where buyers can negotiate prices or where different property tiers are behaving differently. The <a href="https://www.realtytrac.com/bakersfield-ca/sold/">average sold per-square-foot value</a> stood at $225, illustrating that the price per unit area has maintained its upward trend.</p>
<p>When it comes to property availability, a total of 305 properties were on the market, with 4,683 properties successfully sold. This data indicates robust activity and a sizable number of transactions, showcasing Bakersfield as an active market for both buyers and sellers.</p>
<h2>Surrounding Cities: A Comparative Perspective</h2>
<p>The surrounding cities to Bakersfield also showed varying trends. In April 2024, Lamont recorded an average value of $282,500 with a per-square-foot value of $154. This was after experiencing a trough in February 2024 ($250,000), indicating an upward correction heading into April.</p>
<p>Shafter, on the other hand, experienced a decrease in its average value, dropping from $477,500 in February 2024 to $438,750 in April 2024, suggesting a market slowdown or potential buyer’s market situation.</p>
<p>Arvin’s market seemed to fluctuate, with an average value increase from January ($289,000) to March 2024 ($315,000), followed by a decline in April 2024 back down to $289,000. <a href="https://www.realtytrac.com/market-trends/mc-farland-ca/">Mc Farland</a> and Taft showed more significant fluctuations throughout the year, indicative of less stable market conditions. Mc Farland ended with an average value of $369,990 and a per-square-foot value of $265. Despite a higher per-square-foot value, Taft stood at a lower average value of $200,000 with a per-square-foot value of $191.</p>
<p>These neighboring cities, with their diverse trends, underscore the uniqueness of each locale and the variety of factors influencing property values. From the macroeconomic climate to local market forces, buyers and sellers in the greater Bakersfield area operate within a market that requires careful consideration to navigate successfully.</p>


Market Reports

Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

Bakersfield Real Estate Prices Rebound to $400k in April 2024

The real estate market in Bakersfield, California has shown varied changes from May 2023 to April 2024, with fluctuating property values, sales volumes, and per-square-foot prices. The trends in surrounding cities highlight the distinctive dynamics of each local market.

Bakersfield Real Estate Prices Rebound to $400k in April 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Market-Report-Bakersfield-CA-March-2024.png

Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

Texas

<h2>Recent Real Estate Market Trends in San Antonio</h2>
<p>Below is snapshot of the real estate landscape of San Antonio, TX. There was a decline in property values from February 2024 to March 2024. However, there was a small increase in January, suggesting that while the market is not taking significant leaps, it is undeniably dynamic. These fluctuations are modest yet indicative, pointing toward mild uncertainties or adjustments in the housing market.</p>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE">Apr 2023</th>
<th class="sc-7568d94b-2 hTsliE">March 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$309.8K</td>
<td class="sc-7568d94b-5 eqHQXK">$254.6K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-17.82%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$270.5K</td>
<td class="sc-7568d94b-5 eqHQXK">$254.6K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-5.87%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">2,496</td>
<td class="sc-7568d94b-5 eqHQXK">2,967</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">18.87%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">13,082</td>
<td class="sc-7568d94b-5 eqHQXK">12,136</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-7.23%</span></td>
</tr>
</tbody>
</table>
<p>The real estate market is often influenced by various factors that include economic changes, interest rates, local job growth, and buyer sentiment, among others. With the average property value reflecting a downward trend leading up to January 2024 but showing slight stability afterward, one could infer that while the market did face adjustments, it retains a degree of resilience against broader economic shifts.</p>
<p>Meanwhile, the <a href="https://www.realtytrac.com/market-trends/san-antonio-tx/">average sale price</a> per square foot offers a different perspective on the market’s trajectory. From April 2023 to March 2024, this metric observed a general uptrend, signifying that properties, despite overall average sale price variability, could be garnering higher prices on a per square foot basis. This is significant as it points to the potential that even if the overall sale prices are not skyrocketing, the intrinsic value of the real estate could be appreciated, which could be an attractive feature for investors and homeowners alike.</p>
<figure id="attachment_25567" aria-describedby="caption-attachment-25567" style="width: 1445px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25567" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Real-Estate-Report-San-Antonio-Texas-April-2024-Homes-for-sale.png" alt="Real Estate Report San Antonio Texas, April 2024 Homes for sale" width="1445" height="608" /><figcaption id="caption-attachment-25567" class="wp-caption-text">Real Estate Report San Antonio Texas, April 2024 Homes for sale</figcaption></figure>
<p>The sales volume also presents an interesting dimension to the market analysis, with the number of properties sold showing a decline from October 2023 to March 2024. This trend could be interpreted as a cooling off within the market, possibly owing to seasonal trends or due to buyers and sellers adopting a wait-and-see approach amidst changing conditions.</p>
<p>In summary, the San Antonio real estate market as of early 2024 is demonstrating a complex blend of stability with slight declines in average value, increases in value per square foot, and a decrease in selling volume, painting a multifaceted picture for potential buyers and sellers.</p>
<h2>Comparative Analysis: San Antonio and Nearby Cities</h2>
<p>Helotes, TX stands out with higher average property values and sale prices in comparison to both Von Ormy, TX and Converse, TX. In March 2024, Helotes’ average property value stood at a noteworthy $440,000 with a sale price per square foot matching this premium value at $177. Such figures may indicate a more upscale market, possible higher demand, or a cluster of properties that feature amenities or benefits that amplify their appeal.</p>
<p><a href="https://www.realtytrac.com/market-trends/von-ormy-tx/">Von Ormy</a>, TX presents more modest figures, commanding an average value of $275,000 and an inconspicuous per square foot price of $175. Despite a high per square foot price, the lower overall value and property count signify a smaller market, potentially with fewer amenities or less demand.</p>
<p>Converse, TX, with an average value of $279,000 and a lower per square foot price of $141, aligns more closely to Von Ormy than to the affluent Helotes. Universal City, TX, offers some balance between these extremes, having an average value of $276,750 and a per square foot price of $155, signaling a real estate market possibly positioned between the affordability of Converse and the exclusivity of Helotes.</p>
<p>These divergences in market profiles reflect the nuanced nature of real estate, where each city or even neighborhood can manifest its unique set of attributes, contributing to the overall diversity of the region’s housing landscape. Such a comparative analysis also aids potential buyers in quantifying their choices based on affordability, lifestyle preferences, and investment potential.</p>
<h2>Understanding Market Dynamics: San Antonio’s Active Market</h2>
<p>When zeroing in on the more immediate activities in San Antonio’s active market, the median sale price has become a critical indicator of market movement over time. Notably, there’s a downward stretch in this metric over a 6-month period when compared to a longer 12-month period. This trend could be signaling a recent dip in market prices or perhaps a shift in the types of properties that are entering the market—potentially less expensive units, or a greater proportion of sales occurring in less affluent neighborhoods.</p>
<p>The consequences of such market dynamics could be multifaceted. For homeowners, this could represent a possible decrease in their property’s relative value or a cue to hold off on selling. For buyers, on the other hand, this scenario might open up more negotiable price points or an invitation to enter the market while the conditions are favorable.</p>
<p>As of March 2024, San Antonio’s real estate figures paint a comprehensive picture: with an average value of approximately $301,000, a per square foot value of $167, and an average sale price at around $255,000. Given that the per square foot sale price value is at $159 and considering the property sold count, there’s evidence of a significant amount of market activity despite any downward trends in prices. These numbers are not just cold statistics but indicators of the pulse of the city’s real estate market—a market that is rich in variety and opportunity, responsive to external factors, and reflective of the aspirations and financial calculations of a diverse population.</p>


San Antonio Real Estate Market Report – April 2024

The San Antonio real estate market in 2024 is experiencing a slight decline in average property values, an increase in value per square foot, and a decrease in sales volume.

San Antonio Real Estate Market Report – April 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/04/Real-Estate-Report-San-Antonio-Texas-April-2024.png

Fix and Flip

<p>The real estate market in Tallahassee, the vibrant capital of Florida, has recently exhibited some notable trends that have caught the attention of homebuyers, sellers, and investors alike. An analysis of the local property market between April 2023 and March 2024 has shown that the average property values have been subject to ebbs and flows, which is fairly characteristic of dynamic real estate landscapes. As of March 2024, the average property value in Tallahassee stands at $285,000, with a per square foot value of $186, reflecting a subtle yet ongoing transformation in the market’s valuation of area homes.</p>
<h2>Increasing Property Values</h2>
<p>Throughout the observed period, property values in Tallahassee have generally been on the rise. We’ve seen an initial jump from an average value of approximately $289,900 in April 2023 to a peak of $305,643 in July 2023. This trend exhibits the market’s vitality and the high demand for homes in this period.</p>
<figure id="attachment_25486" aria-describedby="caption-attachment-25486" style="width: 1449px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25486" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Tallahassee-Market-Report-April-2024-Price-Per-Sq-Ft.png" alt="Tallahassee Market Report April 2024 Price Per Sq Ft" width="1449" height="620" /><figcaption id="caption-attachment-25486" class="wp-caption-text">Tallahassee Market Report April 2024 Price Per Sq Ft</figcaption></figure>
<p>However, like any market subject to economic pressures and buyer sentiment, there were slight drops, such as in the following months after July, before prices picked up again to $294,500 in February 2024. The closing figure for March 2024, though slightly lower at $285,000, reflects a healthy market capable of maintaining substantial property values over time.</p>
<h3>Property Value Per Square Foot</h3>
<p>The value per square foot has travelled in lockstep with overall property values. With the peak at $187 in July 2023, this metric shows that buyers were willing to pay a premium for space in Tallahassee’s real estate around the mid-year. It’s interesting to note the closing figure being almost parallel to the opening one in March 2024, with a value per square foot being $186—indicating consistency in the pricing of living space throughout the year.</p>
<h3>Sold Homes Trends</h3>
<p>Evaluating the <a href="https://www.realtytrac.com/market-trends/tallahassee-fl/">average sale price</a> and the average sale price per square foot provides insights into the actual transaction values that the market has commanded. The data indicates a market that’s neither soaring uncontrollably nor plummeting. The highest average sale price touched $283,657 in September 2023, while the lowest was in May 2023 at $253,932. Similarly, for the price per square foot, September 2023 marked the highest at $196, and the lowest was once again seen in May 2023 at $183. It’s evident that while fluctuations exist, there is no significant downward slide, suggesting healthy market activity.</p>
<p>The volume of properties offered and <a href="https://www.realtytrac.com/market-trends/tallahassee-fl/">sold in Tallahassee</a> can give us a real sense of market liquidity. In Tallahassee, the propCount and propSoldCount throughout the months demonstrated variability. The highest number of sold properties was in September 2023, with a high turnover of 2,811 properties. December 2023 saw the lowest marked activity with 2,543 properties sold. Despite these variations, the market’s capacity to handle thousands of sales a month is notable.</p>
<h3>Comparing Neighboring Cities</h3>
<p>When examining the market landscape, it’s critical to look at neighboring areas to understand local dynamics. Nearby cities such as Havana, Midway, Monticello, Crawfordville, and Lamont show differing average values and per square foot values. For instance, Monticello presents higher average values and per square foot values compared to Havana, hinting at regional preferences and valuations that potentially impact Tallahassee’s market as well.</p>
<h2>Current Real Estate Climate in Tallahassee</h2>
<p>For a more immediate look, the latest data for March 2024 in Tallahassee reveals an average property value of $285,000 and a value per square foot of $186, substantiating a stable yet dynamic market. There are 812 properties available, with an average sale price of $277,500 and an average sale price per square foot of $192, evidencing consistent demand. A total of 1,928 properties have been sold, displaying a healthy volume of transactions.</p>
<h3>Comparison of nearby cities</h3>
<h4>Havana, FL:</h4>
<ul>
<li><span style="font-weight: 400">Average Property Value: $299,000</span></li>
<li><span style="font-weight: 400">Value Per Square Foot: $171</span></li>
<li><span style="font-weight: 400"> Property Count: 25</span></li>
<li><span style="font-weight: 400"> Average Sold Price: $248,176</span></li>
<li><span style="font-weight: 400"> Average Sold Price Per Square Foot: $155</span></li>
<li><span style="font-weight: 400"> Property Sold Count: 78</span></li>
</ul>
<h4>Midway, FL:</h4>
<ul>
<li><span style="font-weight: 400"> Average Property Value: $285,000</span></li>
<li><span style="font-weight: 400"> Value Per Square Foot: $184.5</span></li>
<li><span style="font-weight: 400"> Property Count: 6</span></li>
<li><span style="font-weight: 400"> Average Sold Price: $239,080</span></li>
<li><span style="font-weight: 400"> Average Sold Price Per Square Foot: $166.5</span></li>
<li><span style="font-weight: 400"> Property Sold Count: 17</span></li>
</ul>
<h4>Monticello, FL:</h4>
<ul>
<li><span style="font-weight: 400"> Average Property Value: $250,000</span></li>
<li><span style="font-weight: 400"> Value Per Square Foot: $157</span></li>
<li><span style="font-weight: 400"> Property Count: 33</span></li>
<li><span style="font-weight: 400"> Average Sold Price: $248,351</span></li>
<li><span style="font-weight: 400"> Average Sold Price Per Square Foot: $131</span></li>
<li><span style="font-weight: 400"> Property Sold Count: 68</span></li>
</ul>
<h4>Crawfordville, FL:</h4>
<ul>
<li><span style="font-weight: 400"> Average Property Value: $284,900</span></li>
<li><span style="font-weight: 400"> Value Per Square Foot: $191</span></li>
<li><span style="font-weight: 400"> Property Count: 118</span></li>
<li><span style="font-weight: 400"> Average Sold Price: $250,288</span></li>
<li><span style="font-weight: 400"> Average Sold Price Per Square Foot: $176</span></li>
<li><span style="font-weight: 400"> Property Sold Count: 268</span></li>
</ul>
<h4>Lamont, FL:</h4>
<ul>
<li><span style="font-weight: 400"> Average Property Value: $244,900</span></li>
<li><span style="font-weight: 400"> Value Per Square Foot: $137</span></li>
<li><span style="font-weight: 400"> Property Count: 3</span></li>
<li><span style="font-weight: 400"> Average Sold Price: $184,848</span></li>
<li><span style="font-weight: 400"> Average Sold Price Per Square Foot: $114</span></li>
<li><span style="font-weight: 400"> Property Sold Count: 5</span></li>
</ul>
<p>These figures are particularly telling when juxtaposed with Tallahassee’s. They reflect a range of market conditions and buyer interests, which can be influenced by several factors, including local economies, quality of life, and access to amenities.</p>
<p>In conclusion, the real estate market in Tallahassee has shown resilience and vigor throughout the observed months. The indicators of market health such as property values, price per square foot, and volumes of sales depict an active market that is both welcoming to buyers and rewarding to sellers. As fluctuating as market trends may be, Tallahassee, along with its neighboring cities, provides a colorful tapestry of real estate opportunities worthy of investor attention.</p>


Tallahassee’s Real Estate Market A in Review 2023-2024

An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.

Tallahassee’s Real Estate Market A in Review 2023-2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/04/Tallahassee-Market-Report-April-2024.png

Kentucky

<p>The monthly data from <a href="https://www.realtytrac.com/market-trends/montgomery-al/">Montgomery</a> paints a picture of gentle variation in the housing market. We can see the average property value peaked at $189,950 in November, only to gradually taper down to $175,450 by March of the following year. This dip represents a 7.6% decline. The cost per square foot has followed a similar pattern, stepping down from $102 to $95 – a 7.4% decline, providing a complementary metric to the overarching value trend.</p>
<figure id="attachment_25489" aria-describedby="caption-attachment-25489" style="width: 1446px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25489" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Montgomery-Alabama-April-2024-house-prices.png" alt="Montgomery Alabama April 2024 house prices" width="1446" height="615" /><figcaption id="caption-attachment-25489" class="wp-caption-text">Montgomery Alabama April 2024 house prices</figcaption></figure>
<p>Contrasting Montgomery’s market with its neighboring cities, we observe a starkly different behavior. For instance, the city of Hope Hull experienced a substantial surge, with average property values skyrocketing to $312,500 in one month, before correcting downwards. On a different note, Pike Road maintained a more expensive market profile throughout, with the average values consistently towering above the other cities, though they weren’t immune to fluctuations.</p>
<h3>Current Values and Volumes in Montgomery, AL</h3>
<p>As of March, Montgomery’s real estate stands at an <a href="https://www.realtytrac.com/montgomery-al/for-sale/">average value of $175,450</a>, with a price of $102 per square foot. A total of 200 properties were on the market, and the city saw a substantial number of transactions, with 1,689 properties being sold at an average sale price of $124,709. Interestingly, the average sold per square foot value stood at $76, implying that buyers may have snagged properties below the market average per square foot rate.</p>
<h3>Comparison with Nearby Cities</h3>
<p>A closer look at nearby cities provides a glimpse into regional value disparities and market volume. In Hope Hull, the average property commands a price of $250,000 and a per square foot rate of $97, yet with only one property on record, it suggests a limited market with a potential for high volatility.</p>
<p>Millbrook’s market is slightly less pricey with an average value of $209,950 at a more significant per square foot cost of $127, again offering a small inventory of 8 properties. The city notched up 111 properties sold, pointing to a vibrant sales activity despite a smaller number of listings.</p>
<p>Now, stepping into Pike Road, the top-tier pricing becomes apparent with an average value of $439,900 and an impressive $181.5 per square foot. Thirty properties were up for grabs, and with 80 sales, it indicates a healthy turnover, likely fueled by Pike Road’s desirable property attributes.</p>
<p>Lastly, Elmore’s average value stood at $169,000 with a per square foot value of $131; with only one property listed, it offers limited insights into market depth. Mathews, with an average value at a lofty $990,000 and a per square foot price of $136, displays a unique market position, perhaps indicative of luxury properties or spacious estates, yet with no sales data to delve into, it remains an enigma in the dataset.</p>
<p>The snapshot above gives us an intriguing overview of this segment of Alabama’s real estate. Each city demonstrates its market characteristics, with Montgomery maintaining a stable hub of activity, while its neighbors display varying degrees of market temperature ranging from hot surges in property values to luxurious, yet seemingly static, brackets.</p>


Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities

The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/04/Montgomery-Alabama-April-2024.png

Zip	Median Est. Value	Zip	Median Est. Value
93308	$ 349,000 $ 230/sqft	93313	$ 408,500 $ 214/sqft
93306	$ 353,037 $ 216/sqft	93309	$ 349,754 $ 207/sqft
93311	$ 478,625 $ 227/sqft	93304	$ 294,250 $ 222/sqft
93312	$ 449,000 $ 228/sqft	93305	$ 287,750 $ 209/sqft
93314	$ 566,217 $ 232/sqft	93301	$ 340,750 $ 241/sqft