Homewood Housing Market Report March 2025•Jefferson County, Alabama

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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 February 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.
$602,250$298/SqFt
+$121,500
+25.3%

Based on all homes sold in March 2025

Insight

Homes in Homewood have sold for 25.3% more than they did a month ago.

Summary: The median home sold price in Homewood was $602,250 in March 2025, up 25.3% from last month, and the median price per square foot was $298.

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
+26.1%
Homewood
+25.3%
Hoover
-2.6%
Birmingham
-7.6%
Mountain Brook
-8.9%

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.
BedsFeb 2025Mar 2025Change MoM
1$272.5K-
N/A
2$175K$238.5K
+36.3%
3$481.5K$578.5K
+20.1%
4$692.5K$1.0M
+44.4%
5-$1.5M
N/A

Summary: Homewood housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +36.3%. The home price for 3 bedroom homes increased by +20.1%. The home price for 4 bedroom homes increased by +44.4%. The home price for 5 bedroom homes did not change.

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
90Last MonthMar 2025
732 months agoFeb 2025
+23.3 %
Change MoMFeb – Mar

Summary: The Homewood real estate market had 90 homes for sale in Mar 2025, a 23.3 % increase compared to Feb 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
22Last MonthMar 2025
222 months agoFeb 2025
0.0 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
157
+40.0%
21416
+14.3%
33140
+29.0%
41718
+5.9%
569
+50.0%

Summary: Homewood housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +40.0%. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes increased by +29.0%. The inventory for 4 bedroom homes increased by +5.9%. The inventory for 5 bedroom homes increased by +50.0%.

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 Price9 Homes

At Asking Price5 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in Homewood, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Homewood in March 2025, the same as the previous month. Of the 22 sold homes, 36% were sold under asking, 23% were sold at asking, and and 41% 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 Days19 Homes

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

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

Summary: During March 2025, 22 homes were sold in Homewood; 86% of homes were sold within 30 days, 5% 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
16 DaysLast MonthMar 2025
72 Days1 month agoFeb 2025
-77.8 %
Change MoMFeb – Mar

Summary: Homes in Homewood had an average listing age of 16 days in Mar 2025, down by 77.8% compared to the previous month.

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Newest Listings in Homewood, AL

What homes are available in Homewood, AL?

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MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, and West Alabama Multiple Listing Service for the period 02/01/2025 - 04/01/2025

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: 4/24/2025, 2:20:50 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: 4/24/2025, 2:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.