Is 35071, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35071 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 35071 was a Seller's Market.

Key Takeaway

35071 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 35071, AL cost?

Median Sold Price

$270,000

$139/sqft

Based on all homes sold in December 2022.

Difference Since Last Month

+$40,000(+17.4%)

Key Takeaway

Homes in 35071 have sold for 17.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2022Dec 2022%
1 --
N/A
2 $132.5K$117K
-11.7%
3 $225K$280K
+24.4%
4 $315K$268.7K
-14.7%
5+ $285K-
N/A

Median Sold Price Compared To Nearby Zip Codes

35071
+17.4%
35116
-8.3%
35117
-11.0%
35091
-58.2%

How many homes are available in 35071, AL?

Number of Homes For Sale

Nov 2022Dec 2022%
6766-1.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 1212
0.0%
3 3435
+2.9%
4 1817
-5.6%
5+ 21
-50.0%

Number of Homes Sold

Nov 2022Dec 2022%
1911-42.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35071, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2022Dec 2022%
16 Days57 Days+255.1%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35071 are selling fast, if you're buying plan to act quickly.

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

About 35071, AL

35071, AL has 66 homes for sale to choose from. In December 2022 in 35071, AL there were 1.5% less homes for sale than in November 2022. In December 2022, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $270,000. From December 2021 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 11.7%, prices of 3 bedrooms properties increased by 24.4%, prices of 4 bedrooms properties decreased by 14.7%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 2.9% more available, 4 bedrooms homes inventory decreased by 5.6%, the quantity of 5 bedrooms homes went down by 50%. Over 2 listings were sold over their listed price in December 2022 in 35071, AL. In the same period over 9 listings were sold below the listed price and 0 listings were sold for the listed price.