Executive Summary
- The median home sales price in Tuscaloosa County reached $275,000 in August, an 8.3% increase year-over-year.
- Single-family home prices rose 6.7% from the previous year, while condominium and townhome prices surged by 23.9%.
- Total sales volume in the county increased by 7.9% compared to August 2024.
- Statewide, the median home price in Alabama saw a slight decrease from July to $254,921.
Tuscaloosa County’s housing market saw a significant increase in home prices in August, with the median sales price reaching $275,000, according to recently released data from Realtor.com. This figure represents a 5.8% rise from the previous month and an 8.3% increase compared to the same period last year, when the median was $254,000.
Detailed Market Breakdown
The single-family home segment in Tuscaloosa County experienced robust growth, with the median selling price climbing to $275,000. This is a 5.8% increase from July’s $260,000 and a 6.7% rise from August 2024. The luxury market also showed activity, with eight single-family homes selling for $1 million or more, up from three such sales in the previous year.
Condominiums and townhomes saw even more dramatic appreciation. The median sales price for these properties jumped 18.1% month-over-month to $277,500 in August. On a year-over-year basis, the price was up a substantial 23.9% from $224,000 in August 2024. Four condos or townhomes sold for at least $1 million during the month.
Sales Volume and Statewide Context
The total number of recorded home sales in Tuscaloosa County increased by 7.9% year-over-year, rising from 241 to 260 transactions. The total value of all residential sales in the county for August amounted to $108.4 million.
In contrast, the broader Alabama housing market showed signs of cooling. The statewide median home price decreased slightly to $254,921 in August from $256,800 in July. The total number of recorded sales across the state also fell by 1.4% compared to August 2024, dropping from 5,551 to 5,471.
Summary of Trends
The August data highlights a strong and appreciating real estate market within Tuscaloosa County, characterized by rising prices across all property types. This localized strength contrasts with the slight moderation observed in the overall Alabama housing market during the same period, suggesting robust local demand.
