Tuscaloosa-area home prices fall 0.1% in September, with houses for sale in high demand
A typical Tuscaloosa County home listed for $314,900 in September, down 0.1% from the previous month's $315,299, an analysis of data from Realtor.com shows.
The median list home price in September was up about 12.9% from September 2021. Tuscaloosa County's median home was 2,100 square feet for a listed price of $157 per square foot.
The Tuscaloosa County market was busy, with a median 61 days on market. A month earlier, homes had a median 52 days on market. The market added 238 new home listings in September, compared with the 270 added in September 2021. The market ended the month with some 494 listings of homes for sale.
The median home prices issued by Realtor.com may exclude much, or even most, of a market's homes. The price and volume represent only homes that are single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
What were Tuscaloosa-area home prices in September? Here's a county-by-county breakdown
Pickens County's home prices fell 4.7%, to a median $152,400, from a month earlier. The typical house was on the market for 62 days, from 57 days a month earlier. The typical 1,935-square-foot house had a list price of $111 per square foot.
Fayette County's home prices fell 26.4%, to a median $179,925, from a month earlier. The typical house was on the market for 51 days, from 60 days a month earlier. The typical 1,813-square-foot house had a list price of $90 per square foot.
Hale County's home prices rose 3.7%, to a median $258,675, from a month earlier. The typical house was on the market for 98 days, from 76 days a month earlier. The typical 1,988-square-foot house had a list price of $140 per square foot.
Bibb County's home prices fell 5.5%, to a median $224,050, from a month earlier. The typical house was on the market for 64 days, from 58 days a month earlier. The typical 1,849-square-foot house had a list price of $112 per square foot.
Lamar County's home prices fell 2.5%, to a median $139,950, from a month earlier. The typical house was on the market for 44 days, from 72 days a month earlier. The typical 1,866-square-foot house had a list price of $92 per square foot.
Across all of Alabama, median home prices were $319,450, falling 0.6% from a month earlier. The median Alabama home for sale had 1,988 square feet at list price of $154 per square foot.
Across the United States, median home prices were $427,250, down 1.3% from a month earlier. The median American home for sale had 1,875 square feet, listed at $220 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.
This article originally appeared on The Tuscaloosa News: Tuscaloosa-area homes for sale drop to $314,900 median price
