Is 36109, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 36109 has remained a Seller's Market.
Key Takeaway
36109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36109, AL
How much do homes in 36109, AL cost?
Median Sold Price
$151,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 36109 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 36109 was $151,000 in March 2024, up 4.1% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $117.4K | $103.7K | -11.7% |
| 3 Bedrooms | $135.6K | $141K | +3.9% |
| 4 Bedrooms | $179.7K | $182.4K | +1.5% |
| 5+ Bedrooms | $207.5K | $187K | -9.9% |
Summary: 36109 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in 36109, AL
How many homes are available in 36109, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 134 | +13.6% |
Summary: The 36109 real estate market had 134 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 66 | 76 | +15.2% |
| 4 Bedrooms | 36 | 45 | +25.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 36109 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36109, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 36109 in March 2024, up by 25.0% month-over-month. Of the 35 sold homes, 40% were sold under asking, 31% were sold at asking, and 29% were sold over asking.
Days on Market for 36109, AL
How long does it take to sell a home in 36109, AL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 60 Days | +8.4% |
Summary: Homes in 36109 had an average of 60 days on market in Mar 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 36109 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in 36109; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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