Newly released data from Realtor.com for February shows that potential buyers and sellers in Montgomery County saw houses sell for higher than the previous month's median sales price of $140,000.
The median home sold for $155,000, an analysis of data from Realtor.com shows. That means February, the most recent month for which figures are available, was up 10.7% from January.
Compared to February 2023, the median home sales price was up 9.9% at $155,000 compared to $141,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date 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.montgomeryadvertiser.com.
Looking only at single-family homes, the $157,900 median selling price in Montgomery County was up 12.8% in February from $140,000 the month prior. Since February 2023, the sales price of single-family homes was up 17% from a median of $135,000.
No single-family homes sold for at least $1 million or more during the month.
Condominiums and townhomes decreased by 7% in sales price during February to a median of $99,000 from $106,450 in January. Compared to February 2023, the sales price of condominiums and townhomes was down 49.2% from $195,000. No condominiums or townhomes sold for at least $1 million or more during February.
In February, the number of recorded sales in Montgomery County rose by 10.8% since February 2023 from 214 to 237. All residential home sales totaled to $46.3 million.
In Alabama, homes sold at a median of $208,622 during February, up 4.3% from $200,000 in January. There were 4,695 recorded sales across the state during February, up 1.9% from 4,607 recorded sales in February 2023.
The total value of recorded residential home sales in Alabama decreased by 7.6% from $1.4 billion in January to $1.3 billion this February.
Out of all residential home sales in Alabama, 2.32% of homes sold for at least $1 million in February, down from 3.99% in February 2023.
Sales prices of single-family homes across Alabama increased by 5.9% from a median of $195,000 in January to $206,584 in February. Since February 2023, the sales price of single-family homes across the state was up 3.3% from $200,000.
Across the state, the sales price of condominiums and townhomes dropped 15.1% from a median of $265,000 in January to $224,950 during February. The median sales price of condominiums and townhomes is down 34.2% from the median of $342,000 in February 2023.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
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