Is 36542, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 36542 was a Seller's Market.
Key Takeaway
36542 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36542, AL
How much do homes in 36542, AL cost?
Median Sold Price
$445,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 36542 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 36542 was $445,000 in March 2024, up 1.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.1K | $340K | -2.6% |
| 2 Bedrooms | $398.2K | $385K | -3.3% |
| 3 Bedrooms | $425.4K | $448K | +5.3% |
| 4 Bedrooms | $547.2K | $509.9K | -6.8% |
| 5+ Bedrooms | $1.0M | $985K | -5.8% |
Summary: 36542 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 36542, AL
How many homes are available in 36542, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 842 | 966 | +14.7% |
Summary: The 36542 real estate market had 966 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 | 67 | 82 | +22.4% |
| 2 Bedrooms | 264 | 316 | +19.7% |
| 3 Bedrooms | 271 | 303 | +11.8% |
| 4 Bedrooms | 172 | 183 | +6.4% |
| 5+ Bedrooms | 68 | 82 | +20.6% |
Summary: The 36542 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 110 | +46.7% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36542, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.
Summary: A total of 110 homes were sold or pending in 36542 in March 2024, up by 46.7% month-over-month. Of the 97 sold homes, 77% were sold under asking, 20% were sold at asking, and 3% were sold over asking.
Days on Market for 36542, 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.