Is 36502, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 36502 was a Neutral Market.
Key Takeaway
36502 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36502, AL
How much do homes in 36502, AL cost?
Median Sold Price
$175,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 36502 have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in 36502 was $175,000 in April 2024, down 5.4% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.4K | $97K | -29.4% |
| 3 Bedrooms | $179.5K | $175K | -2.5% |
| 4 Bedrooms | $207.7K | $234.4K | +12.9% |
| 5+ Bedrooms | $359.5K | $345K | -4.0% |
Summary: 36502 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 decreased by 29.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 4%.
Housing Supply in 36502, AL
How many homes are available in 36502, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 60 | +7.1% |
Summary: The 36502 real estate market had 60 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 35 | 38 | +8.6% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 36502 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 decreased by 16.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36502, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 36502 in April 2024, down by 14.3% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for 36502, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.