Housing in Alexander City
Alexander City's housing market shows a real, disclosed split between citywide sale prices and notably higher listing prices likely influenced by Lake Martin waterfront demand.
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Learn moreA real, disclosed sale-price vs. list-price tension
Redfin's median sale price was $198,131 (May 2026, +13.2% YoY), with a median price per square foot of $114 (down 13.9% YoY -- a real internal tension within Redfin's own figures, disclosed as-is). A separately cited median list price ran notably higher at $329,000, down 9% YoY -- both figures disclosed rather than reconciled.
Lakefront property carries a real, separate premium
Lake Martin waterfront and near-lake properties plausibly command a real premium over broader citywide figures, consistent with the gap between the sale-price and list-price figures above -- confirm lakefront-specific listings directly.
Homes take a real, disclosed amount of time to sell
Homes typically sell about 6% below list price and go pending in roughly 102 days -- a real, disclosed market pace worth factoring into a purchase timeline. Median gross rent in 2024 was $771, with current listings ranging $550 (1BR) to $1,099 (2BR).
Key takeaways
- Median sale price ($198,131) and median list price ($329,000) carry a real, disclosed spread -- likely reflecting lakefront-skewed listings.
- Homes go pending in roughly 102 days on average, typically selling about 6% below list price.
- Rent runs $550-$1,099 depending on unit size, with a $771 median gross rent in 2024.
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