Bham Market Update: December vs. January 2025

As we transitioned from December to January, notable shifts in the housing market emerged across Mountain Brook, Vestavia Hills, Hoover, and Homewood. Here’s a quick summary of how the market performed in these areas:

• Mountain Brook:

  • Homes Sold: Decreased from 20 in December to 11 in January.

  • Average Sold Price: Increased significantly from $1M to $1.16M.

  • Days on Market: Jumped from 24 to 51 days.

• Vestavia Hills:

  • Homes Sold: Declined from 46 in December to 28 in January.

  • Average Sold Price: A slight rise from $620K to $636K.

  • Days on Market: Improved from 27 to 24 days.

• Hoover:

  • Homes Sold: Dropped from 223 in December to 119 in January.

  • Average Sold Price: A slight dip from $506K to $481K.

  • Days on Market: Increased from 33 to 43 days.

• Homewood:

  • Homes Sold: Fell from 23 in December to 11 in January.

  • Average Sold Price: Spiked from $492K to $649K.

  • Days on Market: Decreased sharply from 44 to 11 days.

This month-over-month comparison highlights dynamic market conditions, with some areas experiencing rising home values while others see an increase in time on market. If you have questions about buying or selling in this evolving landscape, don’t hesitate to reach out for personalized insights!