The Homewood housing market is very competitive. The median sale price of a home in Homewood was $452K last month, down 21.1% since last year. The median sale price per square foot in Homewood is $252, down 23.5% since last year.
What is the housing market like in Homewood today?
In April 2024, Homewood home prices were down 21.1% compared to last year, selling for a median price of $452K. On average, homes in Homewood sell after 22 days on the market compared to 36 days last year. There were 30 homes sold in April this year, up from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$451,500
-21.1% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Homewood, AL
$451,500
-21.1%
United States
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How hot is the Homewood housing market?
Homewood is very competitive. Homes sell in 27 days.
0
100
71
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 27 days.
Hot homes
can sell for about 6% above list price and go pending in around 3 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Homewood
Explore recent offers and recently sold homes in Homewood
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Homewood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Homewood.
Risk Factor
Flood Factor - Moderate
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Homewood has a moderate risk of flooding. 977 properties in Homewood are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Homewood. Flood risk is increasing slower than the national average.
35% of properties are at risk of wildfire over the next 30 years
Fire Factor
Homewood has a moderate risk of wildfire. There are 2,733 properties in Homewood that have some risk of being affected by wildfire over the next 30 years. This represents 35% of all properties in Homewood.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Homewood has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Homewood is most at risk from hurricanes. 7,669 properties in Homewood have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 83 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 90 mph.