Tuscaloosa-area home prices fall 0.2% in May, with houses for sale in high demand

One of many homes for sale in Plymouth and around Metro Detroit on Thursday, April 14, 2022.

Just one of lots of residences for sale in Plymouth and all over Metro Detroit on Thursday, April 14, 2022.

A typical Tuscaloosa County dwelling outlined for $314,400 in May, down .2% from a thirty day period earlier, an examination of knowledge from Realtor.com shows.

The median listing household selling price in May perhaps was up about 10.3% from May possibly 2021. Tuscaloosa County’s median home was 1,988 square ft for a listed price of $152 for every sq. foot.

The Tuscaloosa County industry was busy, with a median 35 days on sector. A month before, homes experienced a median 42 times on current market. The market place additional 372 new home listings in May perhaps, in comparison with the 348 included in May 2021. The industry finished the month with some 361 listings of households for sale.

Information and facts on your regional housing sector is obtainable through the United states of america Now Community, with more knowledge from Real estate agent.com.

Throughout metro Tuscaloosa, median residence costs rose to $299,900, up .3% from a thirty day period previously. The median residence experienced 1,895 sq. ft, at a checklist price tag of $153 for each sq. foot.

Across all of Alabama, median residence rates ended up $313,950, mounting 4.7% from a month before. The median Alabama house for sale experienced 1,996 sq. toes at list cost of $150 for each sq. foot.

Across the United States, median home selling prices were $446,950, up 5.2% from a month previously. The median American home for sale had 1,861 sq. toes, shown at $226 for every square foot.

The median house checklist price — the midway issue of all the houses or models listed above a interval of time — is used more usually in this report alternatively of the average household record rate due to the fact authorities say the median gives a extra exact look at of what is occurring in a industry. In finding the ordinary value, all charges of residences shown are additional and then divided by the range of properties bought. This measure can be skewed by a single low or significant price.

The United states of america Now Network is publishing localized versions of this tale on its information internet sites throughout the nation, created with details from the Real estate agent.com residential listings databases.. The story was published by Mike Stucka and Sean Lahman.

This write-up originally appeared on The Tuscaloosa Information: Tuscaloosa-place residences for sale drop to $314,400 median cost