Is Spruce Pine, AL 35585 a buyer’s or seller’s market?
Spruce Pine is a buyer’s market. With about 19.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Spruce Pine housing market right now
In the three months ending August 31, 2026, 0% of homes in Spruce Pine, AL 35585 sold above their list price, the typical home went under contract in 81 days and there were 19.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (0 days then) and the median sale price fell 5% to $147,936. Overall, Spruce Pine is less competitive than a year ago, which gives buyers more room.
Within Franklin County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Russellville 35653 (20% sold over asking) and Russellville 35654 (19% sold over asking) are even more competitive.
Run the numbers for 35585
Nearby markets
Hodges 35571Buyer’s market $76 /sq ftPhil Campbell 35581Seller’s market $116 /sq ftRed Bay 35582Buyer’s market $64 /sq ftRussellville 35653Buyer’s market $123 /sq ft Browse all markets →Towns like Spruce Pine nearby
Find towns like Spruce Pine in other states →Where Spruce Pine is
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Questions about Spruce Pine real estate
Is Spruce Pine a buyer’s or seller’s market?
A buyer’s market: there were 19.2 months of supply in Spruce Pine, AL 35585 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Spruce Pine?
The typical home went under contract in 81 days in the latest three months.
Do homes in Spruce Pine sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 113.8% of the list price.
What are property taxes in Spruce Pine?
About 0.32% of a home’s value a year in Franklin County, or roughly $1,280 on a $400,000 home.
What is the median home price in Spruce Pine?
The median sale price was $147,936 in the three months ending August 31, 2026, about $94 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology