com
Fervent buyer demand, driven by pandemic-induced Prices: Home prices were up compared to last year. The overall
changes to housing needs and preferences, reached median sales price increased 17.7 percent to $265,000 for the
extraordinary levels in 2021. The inventory of homes for sale year. Single Family home prices were up 16.8 percent compared
remained low, as home seller activity did not rise to last year, and Townhouse-Condo home prices were up 18.5
proportionally to meet this demand. New construction activity, percent.
while strong, remains limited by a combination of material and
labor shortages, rising material costs, and a regulatory and List Price Received: Sellers received, on average, 100.6
operational environment that makes it difficult to scale percent of their original list price at sale, a year-over-year
quickly. improvement of 1.6 percent.
The strong seller’s market of 2020 continued and even The 2021 housing market was once again strong both locally
strengthened in 2021, with inventory levels remaining low and nationally. Inventory shortages and high buyer demand
and multiple offer situations common across much of the continued to push home prices higher, with multiple offers on a
housing market both locally and nationally. Multiple offers limited number of homes the common theme in most market
again drove prices significantly higher for the year. segments.
Sales: Pending sales decreased 1.5 percent, finishing 2021 at This year looks to continue the trends seen in the last 18
16,457. Closed sales were up 3.2 percent to end the year at months, pushing home prices higher still. As mortgage rates
16,425. are likely to continue to rise over the year as well, housing
affordability will remain an important factor to watch.
Listings: Comparing 2021 to the prior year, the number of
homes available for sale was lower by 17.2 percent. There
were 1,380 active listings at the end of 2021. New listings
increased by 1.8 percent to finish the year at 17,940.
Table of Contents
3 Quick Facts
5 Price Range Review
6 Property Type Review
7 Square Foot Range Review
8 Area Overviews
11 Area Historical Prices
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 2
2021 Annual Report for ValleyMLS.com
Quick Facts
New Listings Pending Sales
16,709 16,457
17,940 14,472
13,439
17,621 12,297
16,791
16,449 16,533
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Top 5 Areas: Change in New Listings from 2020 Top 5 Areas: Change in Pending Sales from 2020
Lester + 100.0% Geraldine + 100.0%
Flat Rock + 90.0% Lester + 75.0%
Cedar Bluff + 61.2% Courtland + 54.5%
Woodville + 55.0% Attalla + 51.6%
Horton + 52.4% Union Grove + 47.8%
Bottom 5 Areas: Change in New Listings from 2020 Bottom 5 Areas: Change in Pending Sales from 2020
Higdon - 75.0% Higdon - 75.0%
Gallant - 71.4% Paint Rock - 50.0%
Paint Rock - 33.3% Gallant - 42.9%
Triana - 33.3% Valley Head - 35.7%
Valley Head - 32.1% Somerville - 34.6%
15,915 16,425
14,178 4,328
13,264
12,202 3,513
2,802
1,667 1,380
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Top 5 Areas: Change in Closed Sales from 2020 Top 5 Areas: Change in Homes for Sale from 2020
Bryant + 200.0% Fyffe + 400.0%
Geraldine + 100.0% Horton + 300.0%
Meridianville + 73.3% Lester + 200.0%
Courtland + 60.0% Woodville + 150.0%
Falkville + 59.3% Bridgeport + 100.0%
Bottom 5 Areas: Change in Closed Sales from 2020 Bottom 5 Areas: Change in Homes for Sale from 2020
Higdon - 75.0% Gallant - 100.0%
Paint Rock - 75.0% Langston - 80.0%
Gallant - 57.1% Valley Head - 71.4%
Bridgeport - 36.4% Falkville - 66.7%
Triana - 33.3% Union Grove - 60.0%
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 3
2021 Annual Report for ValleyMLS.com
Quick Facts
Median Sales Price Average Sales Price
$265,000
$293,038
$225,098 $250,919
$197,500 $222,556
$179,623 $205,193
$165,000 $190,012
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Top 5 Areas: Change in Median Sales Price from 2020 Top 5 Areas: Change in Avg. Sales Price from 2020
Bridgeport + 369.9% Bridgeport + 158.1%
Paint Rock + 284.2% Stevenson + 157.9%
Gallant + 71.6% Ider + 83.0%
Dutton + 69.2% Town Creek + 79.4%
Union Grove + 67.2% Pisgah + 69.1%
Bottom 5 Areas: Change in Median Sales Price from 2020 Bottom 5 Areas: Change in Avg. Sales Price from 2020
Hillsboro - 48.0% Hillsboro - 35.9%
Lakeview - 33.3% Sylvania - 21.3%
Section - 27.6% Triana - 21.0%
Langston - 16.4% Valley Head - 18.8%
Skyline - 10.6% Langston - 14.8%
88 100.6%
68 99.0%
53 98.1%
38 97.5%
96.9%
19
- 22.7% - 22.1% - 28.3% - 50.0% + 0.6% + 0.6% + 0.9% + 1.6%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Top 5 Areas: Change in Days on Market from 2020 Top 5 Areas: Change in Pct. of List Price Received from 2020
Hollywood + 113.1% Paint Rock + 14.9%
Gallant + 89.8% Woodville + 8.5%
Bryant + 9.4% Skyline + 7.6%
Ider - 12.5% Falkville + 5.7%
Falkville - 17.4% Bridgeport + 5.6%
Bottom 5 Areas: Change in Days on Market from 2020 Bottom 5 Areas: Change in Pct. of List Price Received from 2020
Skyline - 99.1% Courtland - 8.1%
Higdon - 96.7% Triana - 3.3%
Lester - 88.5% Ider - 2.8%
Triana - 87.5% Hollywood - 2.5%
Crossville - 85.1% Gallant - 2.0%
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 4
2021 Annual Report for ValleyMLS.com
$159,000 or $68,999 or
more Less 2.2% - 55.3%
Price Range with Price Range with of Homes for Sale One-Year Change
Shortest Average Longest Average at Year End Priced in Homes for Sale Priced
Market Time Market Time $68,999 or Less $68,999 or Less
$68,999 or Less 41
10%
$69,000 to $98,999 26
$99,000 to $158,999 20 5%
$159,000 or more 19 0%
1-2017 1-2018 1-2019 1-2020 1-2021
$159,000 or $68,999 or
more + 14.7% Less - 49.1%
Price Range with Strongest Price Range with Weakest
Price Range with the Price Range with the
One-Year Change in Sales: One-Year Change in Sales:
Most Closed Sales Fewest Closed Sales
$159,000 or more $68,999 or Less
14,348
12,508
9,762
3,249 2,899
2,092
848 702 1,132 840 498
357
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 5
2021 Annual Report for ValleyMLS.com
19 14
Top Areas: Townhouse-Condo Market Share in 2021
Brownsboro 12.5%
Madison 6.8%
60 Hartselle 1.7%
50 Priceville 1.5%
40
Rainbow 1.4%
30
Rainbow City 1.4%
20
Marshall County 1.3%
10
$266K
$228K
100.6% 101.6%
$213K 97.0% 97.5% 98.1% 98.9% 96.3% 97.5% 97.6% 99.6%
$200K
$181K $180K
$168K
$152K
$138K
$127K
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 6
2021 Annual Report for ValleyMLS.com
Huntsville
43.0%
25.5%
Madison 6.9%
4,819 4,852
Athens 5.9%
Gadsden 3.5%
Harvest 2.7%
999 Sq Ft. or Less 1,000 to 1,999 Sq Ft. 2,000 to 2,999 Sq Ft. 3,000 Sq Ft. or More
105%
103%
100%
98%
95%
93%
90%
2-2017 2-2018 2-2019 2-2020 2-2021
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 7
2021 Annual Report for ValleyMLS.com
Area Overviews
Percent Percent Months
Total Change Single Townhouse- Supply of Days on Pct. of List
Closed Sales from 2020 Family Condo Inventory Market Price Received
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 8
2021 Annual Report for ValleyMLS.com
Area Overviews
Percent Percent Months
Total Change Single Townhouse- Supply of Days on Pct. of List
Closed Sales from 2020 Family Condo Inventory Market Price Received
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9
2021 Annual Report for ValleyMLS.com
Area Overviews
Percent Percent Months
Total Change Single Townhouse- Supply of Days on Pct. of List
Closed Sales from 2020 Family Condo Inventory Market Price Received
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 10
2021 Annual Report for ValleyMLS.com
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 11
2021 Annual Report for ValleyMLS.com
Current as of January 8, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 12
2021 Annual Report for ValleyMLS.com
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