Gadsden-area home prices rise 18% in May, with houses for sale in high demand
A typical Etowah County home listed for $234,450 in May, up 18% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in May was up about 23.5% from May 2021. Etowah County's median home was 1,932 square feet for a listed price of $106 per square foot.
The Etowah County market was busy, with a median 28 days on market. A month earlier, homes had a median 28 days on market. The market added 104 new home listings in May, compared with the 84 added in May 2021. The market ended the month with some 161 listings of homes for sale.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
What were Gadsden-area home prices in May? Here's a county-by-county breakdown
Cherokee County's home prices fell 11.8%, to a median $299,900, from a month earlier. The typical house was on the market for 62 days, from 50 days a month earlier. The typical 1,795-square-foot house had a list price of $174 per square foot.
Marshall County's home prices rose 7.9%, to a median $354,900, from a month earlier. The typical house was on the market for 36 days, from 33 days a month earlier. The typical 2,258-square-foot house had a list price of $151 per square foot.
DeKalb County's home prices rose 7.4%, to a median $252,400, from a month earlier. The typical house was on the market for 34 days, from 27 days a month earlier. The typical 1,638-square-foot house had a list price of $141 per square foot.
Calhoun County's home prices rose 3%, to a median $169,900, from a month earlier. The typical house was on the market for 45 days, from 46 days a month earlier. The typical 1,797-square-foot house had a list price of $95 per square foot.
St. Clair County's home prices rose 0.3%, to a median $298,700, from a month earlier. The typical house was on the market for 45 days, from 48 days a month earlier. The typical 1,871-square-foot house had a list price of $168 per square foot.
Blount County's home prices rose 7.6%, to a median $279,900, from a month earlier. The typical house was on the market for 45 days, from 41 days a month earlier. The typical 2,037-square-foot house had a list price of $138 per square foot.
Across all of Alabama, median home prices were $313,950, rising 4.7% from a month earlier. The median Alabama home for sale had 1,996 square feet at list price of $150 per square foot.
Across the United States, median home prices were $446,950, up 5.2% from a month earlier. The median American home for sale had 1,861 square feet, listed at $226 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.