Is 35222, 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, 35222 was a Buyer's Market.
Housing Prices in 35222, AL
How much do homes in 35222, AL cost?
Median Sold Price
$322,500
$229/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in 35222 was $322,500 in February 2024, up 46.6% from last month, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $42K | $315K | +650.0% |
3 Bedrooms | $370K | $355K | -4.1% |
4 Bedrooms | - | $215K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 35222 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 650%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 35222, AL
How many homes are available in 35222, AL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Summary: The 35222 real estate market had 48 homes for sale in February 2024, a 37.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 24 | 33 | +37.5% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 35222 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 35222 in February 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 35222, AL
How long does it take to sell a home in 35222, AL?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 21 Days | -37.4% |
Summary: Homes in 35222 had an average of 21 days on market in Feb 2024, down by 37.4% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in 35222; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.