Bessemer Housing Market Report December 2024•Jefferson County, Alabama

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Housing Prices in Bessemer, AL

How much do homes in Bessemer, AL cost?

Housing Market Conditions

Is Bessemer, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Bessemer is a Seller's Market

Difference Since November 2024

Last month, Bessemer has remained a Seller's Market.

Insight

Bessemer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$175,000$117/SqFt
-$20,000
-10.3%

Based on all homes sold in December 2024

Insight

Homes in Bessemer have sold for 10.3% less than they did a month ago.

Summary: The median home sold price in Bessemer was $175,000 in December 2024, down 10.3% from last month, and the median price per square foot was $117.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Greenwood
0.4%
Hueytown
-5.4%
Bessemer
-10.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$112K$128.8K
+15.0%
3$200K$200K
0.0%
4$280K$232.5K
-17.0%
5$365K$367.4K
+0.7%

Summary: Bessemer housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +15.0%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -17.0%. The home price for 5 bedroom homes increased by +0.7%.

Housing supply in Bessemer, AL

How many homes are available in Bessemer, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
271Last MonthDec 2024
2712 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The Bessemer real estate market had 271 homes for sale in Dec 2024, the same as Nov 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
48Last MonthDec 2024
602 months agoNov 2024
-20.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
24644
-4.3%
3153145
-5.2%
45562
+12.7%
51720
+17.6%

Summary: Bessemer housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -4.3%. The inventory for 3 bedroom homes decreased by -5.2%. The inventory for 4 bedroom homes increased by +12.7%. The inventory for 5 bedroom homes increased by +17.6%.

Asking Price vs. Sold Price

How much do homes in Bessemer, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price11 Homes

At Asking Price15 Homes

Under Asking Price22 Homes

Insight

If you're buying a home in Bessemer, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Bessemer in December 2024, down by 20.0% month-over-month. Of the 48 sold homes, 46% were sold under asking, 31% were sold at asking, and and 23% were sold over asking.

Days on Market for Bessemer, AL

How long does it take to sell a home in Bessemer, AL?

Breakdown of Home Sale Times

Under 30 Days29 Homes

30 – 90 Days11 Homes

Over 90 Days8 Homes

Insight

Many homes in Bessemer are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 48 homes were sold in Bessemer; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
37 DaysLast MonthDec 2024
38 Days1 month agoNov 2024
-2.6 %
Change MoMNov – Dec

Summary: Homes in Bessemer had an average listing age of 37 days in Dec 2024, down by 2.6% compared to the previous month.

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Newest Listings in Bessemer, AL

What homes are available in Bessemer, AL?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, West Alabama Multiple Listing Service, and Pensacola MLS for the period 11/01/2024 - 01/01/2025

IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2025 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by West Alabama Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 West Alabama Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 11:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.