The Phenix City housing market has seen notable growth over the past year. The median sale price of homes is now $243K, a significant 30.7% increase from last year, while the price per square foot has risen to $125, up 7.3%. Homes typically sell for 2.1% below the list price and spend an average of 36 days on the market before being sold. With 34 homes sold last month and no change in average down payments, the market shows steady activity, making it a promising area for both buyers and sellers.

The Phenix City housing market is moderately competitive, with homes typically selling within 36 days. While most properties sell for about 2% below the list price, some attract multiple offers. Hot homes, in particular, can sell for around 1% above the list price and go pending in just 11 days, reflecting strong demand for sought-after properties.

In November 2024, Phenix City, AL, experienced a balanced housing market, indicating that the supply of homes for sale and the demand from buyers were roughly equal. This equilibrium creates a stable environment for both buyers and sellers.