Is 36110, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 36110 has remained a Seller's Market.
Key Takeaway
36110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36110, AL
How much do homes in 36110, AL cost?
Median Sold Price
$60,000
$53/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 36110 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 36110 was $60,000 in April 2024, up 8.7% from last year, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $34K | $39.9K | +17.1% |
| 3 Bedrooms | $56K | $58.2K | +3.9% |
| 4 Bedrooms | $121K | $86K | -28.9% |
| 5+ Bedrooms | $504.6K | $472.9K | -6.3% |
Summary: 36110 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 36110, AL
How many homes are available in 36110, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The 36110 real estate market had 46 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 36110 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36110, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 36110 in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for 36110, AL
How long does it take to sell a home in 36110, AL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 152 Days | 87 Days | -42.6% |
Summary: Homes in 36110 had an average of 87 days on market in Apr 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 36110 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 10 homes were sold in 36110; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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