Everyone wants to know: just how is the market doing? Well, nothing tells that story better than the monthly stats from the Lee County Association of Realtors! Whether you want to buy, sell, or both, you can learn something helpful about last month’s numbers today when we look at Lee County’s November 2021 Residential Report.
Properties sold staying stable
The number of properties sold has remained relatively stable from November 2020 to November 2021. This past year, 173 properties sold in Lee County as a whole, compared to last November’s 166.
Fewer days on the market
In November 2021, Lee County homes spent less than half the amount of time on the market than they did in November 2020, dropping from 65 to 31 days.
Auburn homes also sold quicker on average, going from 75 to 32 days. Opelika also benefited from the trend, with home sales taking just 29 days this November, compared to 67 days last year.
Increasing average sales prices
The average sales price in Lee County last month was $350,289, up from $314,322 last year. Auburn homes rose from $345,229 to $402,418, just as Opelika homes rose from $271,831 to $303,057. This means that right now may just be the perfect time for you to sell!
Rising median sales prices
The average sales prices have grown—and so have the median sales prices. Lee County homes sold for a median number of $324,065, marking an upwards trend from November 2020’s figure of $296,563.
Meanwhile, Auburn homes shot up from $332,000 to $362,836. Opelika homes rose in value as well, from $263,000 to $279,000.
Growing overall property sales sold dollar volume
Get impressed! The overall sales numbers from Lee County’s November 2021 Residential Report speak for themselves.
Last month, the total property sales sold dollar volume for Lee County hit $60,599,992. It also marks growth from November 2020’s figure of $52,177,379.
Summary
As you can see, Lee County’s November 2021 Residential Report had a lot of interesting things to say. And, if you ever have any more questions, you can always ask Ryan Roberts for info on the market.
If you need an experienced Realtor on your side, you can contact Ryan for that too! He can help you navigate the market in the East Alabama area—including Lee County. Finally, to find out more about statistics, tips, and local living, check out his blog here.
