Is 36109, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 36109 has remained a Seller's Market.
Key Takeaway
36109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36109, AL
How much do homes in 36109, AL cost?
Median Sold Price
$154,900
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36109 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 36109 was $154,900 in May 2024, up 3.3% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $93K | $104.9K | +12.8% |
| 3 Bedrooms | $140K | $144.5K | +3.2% |
| 4 Bedrooms | $174.9K | $179.9K | +2.9% |
| 5+ Bedrooms | $206K | $207K | 0.5% |
Summary: 36109 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 36109, AL
How many homes are available in 36109, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 139 | 145 | +4.3% |
Summary: The 36109 real estate market had 145 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 82 | 84 | +2.4% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 36109 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 43 | +19.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36109, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 36109 in May 2024, up by 19.4% month-over-month. Of the 43 sold homes, 56% were sold under asking, 19% were sold at asking, and 26% were sold over asking.
Days on Market for 36109, AL
How long does it take to sell a home in 36109, AL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 50 Days | -18.6% |
Summary: Homes in 36109 had an average of 50 days on market in May 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36109 has remained consistent over time.
Summary: During May 2024, 43 homes were sold in 36109; 35% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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