Is 36111, 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, 36111 has remained a Seller's Market.
Housing Prices in 36111, AL
How much do homes in 36111, AL cost?
Median Sold Price
$173,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 36111 was $173,000 in March 2024, down 1.1% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $67.5K | -48.1% |
3 Bedrooms | $127K | $120.2K | -5.3% |
4 Bedrooms | $242.5K | $244.5K | +0.8% |
5+ Bedrooms | $481.7K | $392K | -18.6% |
Summary: 36111 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 48.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in 36111, AL
How many homes are available in 36111, AL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 78 | +14.7% |
Summary: The 36111 real estate market had 78 homes for sale in March 2024, a 14.7% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 36111 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 36111 in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for 36111, AL
How long does it take to sell a home in 36111, AL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 138 Days | +126.9% |
Summary: Homes in 36111 had an average of 138 days on market in Mar 2024, up by 126.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 36111; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.