Is 36104, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 36104 was a Seller's Market.
Key Takeaway
36104 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 36104, AL
How much do homes in 36104, AL cost?
Median Sold Price
$159,900
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36104 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 36104 was $159,900 in May 2024, down 3.1% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $162.4K | N/A |
| 2 Bedrooms | $168.5K | $147.3K | -12.6% |
| 3 Bedrooms | $185K | $65K | -64.9% |
| 4 Bedrooms | $278K | $220K | -20.9% |
| 5+ Bedrooms | $100K | $120.7K | +20.8% |
Summary: 36104 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.6%, 3 bedroom homes decreased by 64.9%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes increased by 20.8%.
Housing Supply in 36104, AL
How many homes are available in 36104, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The 36104 real estate market had 26 homes for sale in May 2024, a 4.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 36104 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36104, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 36104 in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 36104, AL
How long does it take to sell a home in 36104, AL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 154 Days | +129.2% |
Summary: Homes in 36104 had an average of 154 days on market in May 2024, up by 129.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 36104 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in 36104; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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