Is 35205, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 35205 was a Seller's Market.
Housing Prices in 35205, AL
How much do homes in 35205, AL cost?
Median Sold Price
$232,500
$195/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in 35205 was $232,500 in February 2024, down 27.3% from last month, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $152.7K | -10.1% |
2 Bedrooms | $325K | $275K | -15.4% |
3 Bedrooms | $292K | $35.5K | -87.8% |
4 Bedrooms | $473.7K | $527.5K | +11.3% |
5+ Bedrooms | - | - | N/A |
Summary: 35205 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 87.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
35203 | $390K | $338.5K | -13.2% |
35209 | $365K | $290K | -20.5% |
35205 | $320K | $232.5K | -27.3% |
35233 | $679.9K | $230.4K | -66.1% |
Housing Supply in 35205, AL
How many homes are available in 35205, AL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
67 | 85 | +26.9% |
Summary: The 35205 real estate market had 85 homes for sale in February 2024, a 26.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 22 | 25 | +13.6% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 13 | 19 | +46.2% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 35205 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 35205 in February 2024, down by 23.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 35205, AL
How long does it take to sell a home in 35205, AL?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 27 Days | -33.4% |
Summary: Homes in 35205 had an average of 27 days on market in Feb 2024, down by 33.4% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in 35205; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.