Is 35211, 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, 35211 was a Neutral Market.
Key Takeaway
35211 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in 35211, AL cost?
Median Sold Price
$72,000
$59/sqft
Based on all homes sold in August 2023.
Difference Since Last Month
Key Takeaway
Homes in 35211 have sold for 20% less than they did a month ago.
Summary: The median home sold price in 35211 was $72,000 in August 2023, down 20% from last month, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $294.5K | $72K | -75.6% |
| 3 Bedrooms | $90K | $72K | -20.0% |
| 4 Bedrooms | $64.7K | $90.1K | +39.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 35211 housing prices by bedroom type for August 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 75.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes did not change.
Housing Supply
How many homes are available in 35211, AL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 90 | 100 | +11.1% |
Summary: The 35211 real estate market had 100 homes for sale in August 2023, a 11.1% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 60 | 65 | +8.3% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 35211 housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 13 | 27 | +107.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35211, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 35211 in August 2023, up by 107.7% month-over-month. Of the 27 sold homes, 56% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market
How long does it take to sell a home in 35211, AL?
Average Sale Time
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 54 Days | 55 Days | +1.6% |
Summary: Homes in 35211 had an average of 55 days on market in Aug 2023, up by 1.6% compared to last month.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35211 are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 27 homes were sold in 35211; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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