Is 35235, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35235 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35235 was a Buyer's Market.

Key Takeaway

35235 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35235, AL

How much do homes in 35235, AL cost?

Median Sold Price

$189,900

$130/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$4,900(+2.6%)

Key Takeaway

Homes in 35235 have sold for 2.6% more than they did a month ago.

Summary: The median home sold price in 35235 was $189,900 in April 2024, up 2.6% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$141.5K
N/A
3 $185K$217.4K
+17.5%
4 -$212.4K
N/A
5+ --
N/A

Summary: 35235 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 17.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 35235, AL

How many homes are available in 35235, AL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3657+58.3%

Summary: The 35235 real estate market had 57 homes for sale in April 2024, a 58.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 56
+20.0%
3 2943
+48.3%
4 27
+250.0%
5+ 00
0.0%

Summary: The 35235 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 48.3%, 4 bedroom homes increased by 250%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
211+450.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35235, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 35235 in April 2024, up by 450.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.

Days on Market for 35235, AL

How long does it take to sell a home in 35235, AL?

Average Sale Time

Mar 2024Apr 2024CHANGE
46 Days15 Days-66.0%

Summary: Homes in 35235 had an average of 15 days on market in Apr 2024, down by 66% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35235 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in 35235; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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