Is 35068, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35068 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35068 was a Buyer's Market.

Key Takeaway

35068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35068, AL

How much do homes in 35068, AL cost?

Median Sold Price

$215,000

$150/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$134,000(-38.4%)

Key Takeaway

Homes in 35068 have sold for 38.4% less than they did a month ago.

Summary: The median home sold price in 35068 was $215,000 in August 2024, down 38.4% from last month, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 -$220K
N/A
4 $349K$210K
-39.8%
5+ --
N/A

Summary: 35068 housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 39.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35207
+780.4%
35068
-38.4%

Housing Supply in 35068, AL

How many homes are available in 35068, AL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1326+100.0%

Summary: The 35068 real estate market had 26 homes for sale in August 2024, a 100.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 615
+150.0%
4 45
+25.0%
5+ 22
0.0%

Summary: The 35068 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35068, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 35068 in August 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 35068, AL

How long does it take to sell a home in 35068, AL?

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35068 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 6 homes were sold in 35068; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in 35068, AL

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