Newly released data from Realtor.com for August shows that potential buyers and sellers in Tuscaloosa County saw lower home sale prices than the previous month's median of $257,500.
The median home sold for $252,000, an analysis of data from Realtor.com shows. That means August, the most recent month for which figures are available, was down 2.1% from July.
Compared to August 2023, the median home sales price was up 0.8% compared to $249,900.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.tuscaloosanews.com.
Here is a breakdown on median sale prices:
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Looking only at single-family homes, the $254,000 median selling price in Tuscaloosa County was down 4.9% in August from $267,000 the month prior. Since August 2023, the sales price of single-family homes was up 1.6% from a median of $250,000.Seven single family homes sold for $1 million or more during the month, compared to 16 recorded transactions of at least $1 million in August 2023.
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Condominiums and townhomes increased by 4.2% in sales price during August to a median of $249,900 from $239,900 in July. Compared to August 2023, the sales price of condominiums and townhomes was up 4.1% from $240,000. Two condominiums or townhomes sold for $1 million or more during the month, compared to five recorded transactions of at least $1 million in August 2023.
About recorded home sales in Tuscaloosa County in Alabama
In August, the number of recorded sales in Tuscaloosa County dropped by 15.2% since August 2023 — from 376 to 319. All residential home sales totaled $104.1 million.
Across Alabama, homes sold at a median of $225,000 during August, down 6% from $239,366 in July. There were 5,645 recorded sales across the state during August, down 16.9% from 6,793 recorded sales in August 2023.
Here's a breakdown for the full state:
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The total value of recorded residential home sales in Alabama decreased by 25.2% from $2.2 billion in July to $1.7 billion this August.
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Out of all residential home sales in Alabama, 2.14% of homes sold for at least $1 million in August, down from 3.47% in August 2023.
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Sales prices of single-family homes across Alabama decreased by 6.4% from a median of $238,892 in July to $223,555 in August. Since August 2023, the sales price of single-family homes across the state was down 0.5% from $224,559.
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Across the state, the sales price of condominiums and townhomes rose 0.6% from a median of $248,448 in July to $249,900 during August. The median sales price of condominiums and townhomes is down 0.9% from the median of $252,100 in August 2023.