Is 35205, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35205 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 35205 was a Seller's Market.

Key Takeaway

35205 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 35205, AL cost?

Median Sold Price

$237,500

$184/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$30,250(-11.3%)

Key Takeaway

Homes in 35205 have sold for 11.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 $125K$160K
+28.0%
2 $311K-
N/A
3 $201K$237.5K
+18.2%
4 $350K$410K
+17.1%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

35204
+79.8%
35209
+2.3%
35233
-3.8%
35203
-4.4%
35205
-11.3%

How many homes are available in 35205, AL?

Number of Homes For Sale

Oct 2022Nov 2022%
5352-1.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 98
-11.1%
2 1411
-21.4%
3 1922
+15.8%
4 98
-11.1%
5+ 23
+50.0%

Number of Homes Sold

Oct 2022Nov 2022%
148-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35205, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
18 Days37 Days+102.7%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35205 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 35205, AL

35205, AL has 52 homes on the market. In November 2022 in 35205, AL there were 1.9% less homes for sale than in October 2022. Listings spent 37 days on the market in November 2022, and had a median list price of $237,500 during the same period. From November 2021 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 28% more expensive, prices of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties increased by 18.2%, the cost of 4 bedrooms properties went up by 17.1%, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 11.1%, the quantity of 2 bedrooms homes went down by 21.4%, the quantity of 3 bedrooms homes went up by 15.8%, number of 4 bedrooms homes decreased by 11.1%, 5 bedrooms homes became 50% more available. 35205, AL housing market in November 2022 saw over 3 listings sold above listed price, more than 2 sold at listed price and over 3 sold below.