Welcome to Homewood - a thriving community in itself and just a short commute to Birmingham city center. In Homewood you will find a wide range of properties to choose from - well liked for its cottages and old world influence many homes date back to the 20's-40's. Charming neighborhoods with mature trees and nearby parks are the keystone to Homewood's popularity.
What is the Real Estate Market like in Homewood, Alabama? Twenty Five homes SOLD in Homewood both in November AND again in December 2009 - MUCH higher than the 15 sales in November and 16 sales in December of 2008. Sales ranged from $86,900 for a 2 Bedroom, 2 Bath condo at Foxcroft (that was a foreclosure), to $740,000 for a vintage 2000 home in the Browns section of Mayfair. The average sales price in Homewood, Alabama was $294,999 with the average home selling for 95.38% of list. Five homes sold in Hollywood with prices from $194,500 to $565,000, six sold in Edgewood with prices ranging from $225,000 to $324,900, and the median price for ALL Homewood sales was $255,000. Average days on the market for the sold homes was 112. Currently there are 337 homes for sale in Homewood.
A comparison between 2009 and 2008 will show:
Total homes SOLD in 2009 was 365 vs 362 in 2008
Average Sale Price in 2009 was $267,620 vs $269,039 in 2008
Median Sale Price in 2009 was $232,070 vs $230,000 in 2008
Average Days on Market for SOLD homes was 105 in 2009 vs 81 in 2008
Properties sold for and average of 95.23% of list in 2009 and 95.18% in 2008
I looks like the prices have stabalized in Homewood, Alabama and 2010 should be a good year for both buyers and sellers. If you would like to take a look at what is available for sale in Homewood, ALabama, you can see ALL the properties for sale on my website. Click here and under location scroll down until you see Homewood. If you have any questions, feel free to contact me.