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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35205 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 35205 was a Seller's Market.

Key Takeaway

35205 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$87,500(-27.3%)

Key Takeaway

Homes in 35205 have sold for 27.3% less than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 $170K$152.7K
-10.1%
2 $325K$275K
-15.4%
3 $292K$35.5K
-87.8%
4 $473.7K$527.5K
+11.3%
5+ --
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
-13.2%
35209
-20.5%
35205
-27.3%
35233
-66.1%

Housing Supply in 35205, AL

How many homes are available in 35205, AL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6785+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

# BEDSJan 2024Feb 2024CHANGE
1 1315
+15.4%
2 2225
+13.6%
3 1621
+31.3%
4 1319
+46.2%
5+ 35
+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 2024Feb 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35205, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2024Feb 2024CHANGE
41 Days27 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35205 are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 27 Days Ago

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