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Wyze Daily Deals: Homes Priced Well Below Similar Sales
Every day this page compares every home for sale around Huntsville, Madison and Decatur with homes that actually sold in the same subdivision or right around it, and flags the ones asking at least 25 percent less per square foot. It is the fastest way we know to find listings worth a second look before everyone else does.
- We take its asking price per square foot (list price divided by the living area in Valley MLS listing).
- First screen: it has to ask at least 25 percent less per square foot than similar homes sold in its ZIP code in the last 12 months.
- Then the real test: we compare it with homes that sold in its own subdivision: same kind of home, about the same size when there are enough sales, in the last 12 months (2 years if the subdivision had fewer than 5 sales).
- If the subdivision has too few sales, or the home isn't in one, we use similar homes (same kind, size and age) sold within half a mile, widening to 1 mile, until there are at least 8. Homes we can't compare fairly are left off.
- It is flagged only if it still asks at least 25 percent less per square foot than the median of those sales, and less than 90 percent of them. That keeps homes in lower-priced subdivisions from looking like deals just because their ZIP code also has pricier ones.
- We read the listing description and mark homes that mention repairs, as-is or cash-only terms. Manufactured homes and auctions are left out.
Today's Flagged Homes
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Numbers match the cards below. Tap a pin for the listing. The map follows your filters and sort.
The Weekly Wyze Deal
Every Monday, our Market Monday post on the Wyze Realty blog picks one home from this list as the Wyze Deal of the Week, with a plain look at why it stands out and what to check before you make an offer.
What to Do With a Flag
- Read the whole listing. Photos and the description usually explain a low price: dated finishes, repairs, a busy road, an unusual floor plan.
- Check the square footage. A typo in the living area makes a home look cheap per foot. County records and an appraisal are the final word.
- Look at real comps. We can pull the recent sales on the same street and section of the subdivision so you can see if the gap holds up.
- Get it inspected. If you go under contract, hire a licensed home inspector, especially on homes marked as needing work.
- Move quickly but carefully. Homes priced well below the market often draw several offers. Talk to us early about financing and how to write a strong offer.
Ask about a flagged home All homes by price per sq ft
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Questions About Daily Deals
Does a flag mean the home is a good deal?
Not by itself. A flag means the asking price per square foot is well below what similar homes nearby actually sold for. That can be a real opportunity, or it can mean the house needs work, the square footage in the listing is off, or the lot or location has an issue the numbers don't show. Treat every flag as a lead to look into, not a verdict.
How do you decide what counts as similar?
A home first has to stand out against its ZIP code. Then we compare it with its own subdivision, because that is how buyers and appraisers compare homes. A house is compared with houses, a townhome or condo with townhomes and condos, using sales of similar size when there are enough of them, from the last 12 months (or 2 years in a subdivision with few sales). If the subdivision has fewer than 5 sales, or the home isn't in a subdivision, we use similar-size, similar-age homes sold within half a mile, widening to 1 mile, until there are at least 8. Each card tells you which group was used. Homes we can't compare fairly are left off the list.
Why are some homes marked 'Unusually low: double-check the listing'?
When a home is priced more than 45 percent below similar sales, the most common reasons are a typo in the square footage, a house that needs major repairs, or something unusual about the property. Some of these are worth a look. Read the full listing first.
Why don't I see manufactured homes or auctions?
Manufactured homes sell differently from site-built homes, so comparing them with site-built sales would flag nearly all of them. Auction listings often show a starting bid instead of a real price. We leave both out when the listing description says so.
How often does this list change?
Every time the page loads. Listings come straight from the Valley MLS, and the sold comparisons cover up to the last 2 years, so homes drop off as soon as they go under contract or the price changes.
Active listings and up to 2 years of sold prices: Valley MLS, live. A flag compares asking price per square foot with similar recent sales; it is not an appraisal, a value opinion or a recommendation to buy. Square footage is as entered by the listing agent. Information deemed reliable but not guaranteed.