Is 35222, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35222 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35222 was a Buyer's Market.

Key Takeaway

35222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$102,500(+46.6%)

Key Takeaway

Homes in 35222 have sold for 46.6% more than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $42K$315K
+650.0%
3 $370K$355K
-4.1%
4 -$215K
N/A
5+ --
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.

Median Sold Price Compared To Nearby Zip Codes

35222
+46.6%
35203
-13.2%
35212
-16.9%
35213
-37.6%
35233
-66.1%

Housing Supply in 35222, AL

How many homes are available in 35222, AL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3548+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 2433
+37.5%
4 46
+50.0%
5+ 12
+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 2024Feb 2024CHANGE
410+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35222, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2024Feb 2024CHANGE
35 Days21 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35222 are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 28 Days Ago

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