Is 35981, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35981 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 35981 was a Neutral Market.

Key Takeaway

35981 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35981, AL

How much do homes in 35981, AL cost?

Median Sold Price

$385,000

$206/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$215,000(+126.5%)

Key Takeaway

Homes in 35981 have sold for 126.5% more than they did a month ago.

Summary: The median home sold price in 35981 was $385,000 in August 2024, up 126.5% from last month, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $170K-
N/A
4 -$385K
N/A
5+ --
N/A

Summary: 35981 housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 35981, AL

How many homes are available in 35981, AL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1312-7.7%

Summary: The 35981 real estate market had 12 homes for sale in August 2024, a 7.7% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 00
0.0%
3 97
-22.2%
4 34
+33.3%
5+ 11
0.0%

Summary: The 35981 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35981, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 35981 in August 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 35981, AL

We’re sorry, we don't have information for this market at the moment

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

Report Updated 19 Days Ago

Newest Listings in 35981, AL

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