Homewood Housing Market Report May 2025•Jefferson County, Alabama

hero building illustration for mobile

Housing Prices in Homewood, AL

How much do homes in Homewood, AL cost?

Housing Market Conditions

Is Homewood, 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

Homewood is a Seller's Market

Difference Since April 2025

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

Insight

Homewood 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.
$446,500$306/SqFt
-$53,500
-10.7%

Based on all homes sold in May 2025

Insight

Homes in Homewood have sold for 10.7% less than they did a month ago.

Summary: The median home sold price in Homewood was $446,500 in May 2025, down 10.7% from last month, and the median price per square foot was $306.

Median Sold Price By Cities

Median Sold Price By Cities
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
Vestavia Hills
+18.5%
Birmingham
-6.2%
Hoover
-8.2%
Mountain Brook
-8.6%
Homewood
-10.7%

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.
BedsApr 2025May 2025Change MoM
1$230K$264.2K
+14.9%
2$499.9K$285K
-43.0%
3$505K$440K
-12.9%
4$820K$710.5K
-13.3%
5$400K$1.1M
+179.4%

Summary: Homewood housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes increased by +14.9%. The home price for 2 bedroom homes decreased by -43.0%. The home price for 3 bedroom homes decreased by -12.9%. The home price for 4 bedroom homes decreased by -13.3%. The home price for 5 bedroom homes increased by +179.4%.

How does Homewood, AL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Homewood, AL

Housing supply in Homewood, AL

How many homes are available in Homewood, 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
122Last MonthMay 2025
1042 months agoApr 2025
+17.3 %
Change MoMApr – May

Summary: The Homewood real estate market had 122 homes for sale in May 2025, a 17.3 % increase compared to Apr 2025.

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
35Last MonthMay 2025
332 months agoApr 2025
+6.1 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
177
0.0%
21720
+17.6%
34647
+2.2%
42335
+52.2%
51113
+18.2%

Summary: Homewood housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +17.6%. The inventory for 3 bedroom homes increased by +2.2%. The inventory for 4 bedroom homes increased by +52.2%. The inventory for 5 bedroom homes increased by +18.2%.

Asking Price vs. Sold Price

How much do homes in Homewood, 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 Price14 Homes

At Asking Price7 Homes

Under Asking Price14 Homes

Insight

If you're buying a home in Homewood, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Homewood in May 2025, up by 6.1% month-over-month. Of the 35 sold homes, 40% were sold under asking, 20% were sold at asking, and and 40% were sold over asking.

Days on Market for Homewood, AL

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

Breakdown of Home Sale Times

Under 30 Days28 Homes

30 – 90 Days4 Homes

Over 90 Days3 Homes

Insight

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

Summary: During May 2025, 35 homes were sold in Homewood; 80% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 9% 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
27 DaysLast MonthMay 2025
11 Days1 month agoApr 2025
+144.1 %
Change MoMApr – May

Summary: Homes in Homewood had an average listing age of 27 days in May 2025, up by 144.1% compared to the previous month.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Homewood, AL

What homes are available in Homewood, AL?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Alabama

MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, and West Alabama Multiple Listing Service for the period 04/01/2025 - 06/01/2025

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: 6/3/2025, 8:46:17 PM 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: 6/3/2025, 8:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.