Is 36606, 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, 36606 was a Seller's Market.
Key Takeaway
36606 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36606, AL
How much do homes in 36606, AL cost?
Median Sold Price
$197,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 36606 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 36606 was $197,000 in March 2024, down 4.1% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $132.5K | -17.2% |
| 3 Bedrooms | $205.4K | $198K | -3.6% |
| 4 Bedrooms | $249.9K | $184.9K | -26.0% |
| 5+ Bedrooms | - | $378K | N/A |
Summary: 36606 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 17.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes did not change.
Housing Supply in 36606, AL
How many homes are available in 36606, AL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 74 | +37.0% |
Summary: The 36606 real estate market had 74 homes for sale in March 2024, a 37.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 29 | 43 | +48.3% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 36606 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 48.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 36606, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 36606 in March 2024, up by 200.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 36606, AL
We’re sorry, we don't have information for this market at the moment
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