Is 36618, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 36618 has remained a Buyer's Market.
Key Takeaway
36618 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36618, AL
How much do homes in 36618, AL cost?
Median Sold Price
$245,000
$132/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 36618 have sold for 4.5% more than they did a month ago.
Summary: The median home sold price in 36618 was $245,000 in April 2024, up 4.5% from last month, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $234.5K | $282.5K | +20.5% |
| 4 Bedrooms | - | $163.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 36618 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 36618, AL
How many homes are available in 36618, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 64 | +42.2% |
Summary: The 36618 real estate market had 64 homes for sale in April 2024, a 42.2% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 37 | 47 | +27.0% |
| 4 Bedrooms | 5 | 14 | +180.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 36618 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 increased by 27%, 4 bedroom homes increased by 180%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36618, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 36618 in April 2024, up by 300.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 36618, 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.