Comprehensive market data and analysis
We're showing Alabama County statistics below to give you a broader market picture. As more transactions occur in Furman, Alabama, we'll update with specific local data.
View nearby areas with more activity:
18.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Furman, Alabama | ||||||
The median price for land in the Alabama area is currently $25K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $363K.
the Alabama area is currently a strong buyer's market with 18.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 4.9% year-over-year.
the Alabama area currently has 18.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, the Alabama area saw 8,129 properties sold, totaling $1667.9M in sales volume. In just the last 3 months, 1,750 properties changed hands.
The 3-month absorption rate in the Alabama area is 5.4%. The 12-month rate is 6.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in the Alabama area is 5.4% (3-month basis), indicating slow demand. With depreciating values (-4.9% YoY), buyers may find value opportunities. The top-performing broker in this market is Ryals Realty Services, Inc.
The median land price in the Alabama area stands at $70K. This translates to roughly $25K per acre for the typical parcel size. The average price is $210K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
