A Guide for Alabama Homeowners
Understanding buyer behaviors, preferences, and attitudes, then assessing how to best position the home to attract buyers.
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The typical buyer is 42 years old and has a median household income of $72,000. Approximately 75% of all people buying in Alabama earned an Associate's degree or higher. About two-thirds of all buyers in the state are married couples, and 14% of recent home buyers are military veterans. Just three percent are active-duty service members.
People love to call Alabama their home state. Approximately 70% of all people buying in Alabama are moving from within the state. There was only a median 14 miles between the homes that recent buyers purchased and the homes that they moved from.
Most recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing and electrical. Buyers who purchased older homes tended to do so in consideration of the price.
Just over 85% of buyers purchased a single-family home, and almost half of all buyers selected structures built between 1980 and 2009.
Heating and cooling costs were the most important environmental features for recent buyers, with 84% finding these features at least somewhat important.
Proximity and accessibility to family and friends was the second most important factor after neighborhood quality-of-life, surpassing proximity and accessibility to jobs, which was more important to buyers pre-COVID.
Overall, buyers expect to live in their new homes for a median of 14 years while 23% say their new home will be their forever-home.
We believe that buying the right home is critical to happiness and stability in life. Our purpose is to guide each of our clients through one of the largest decisions and financial investments of their lives, and to deliver exceptional experience while we do it.
About 97% of buyers used the internet to supplement their search, and the most decisive factor for visiting a home were its listing photos. Popular sources included real estate aggregators and social media.
Buyers in Alabama typically searched for an average of eight to ten weeks and looked at a median of nine homes before negotiating an offer.