Is 36109, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 36109 has remained a Seller's Market.
Key Takeaway
36109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36109, AL
How much do homes in 36109, AL cost?
Median Sold Price
$151,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 36109 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 36109 was $151,500 in April 2024, up 4.3% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119.9K | $104.9K | -12.6% |
| 3 Bedrooms | $136.6K | $142.7K | +4.4% |
| 4 Bedrooms | $179.9K | $179.5K | -0.3% |
| 5+ Bedrooms | $207.5K | $206K | -0.7% |
Summary: 36109 housing prices by bedroom type for April 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 increased by 4.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 36109, AL
How many homes are available in 36109, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 145 | +9.8% |
Summary: The 36109 real estate market had 145 homes for sale in April 2024, a 9.8% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 74 | 84 | +13.5% |
| 4 Bedrooms | 47 | 45 | -4.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 36109 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 increased by 40%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36109, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 36109 in April 2024, down by 7.9% month-over-month. Of the 35 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 36109, AL
How long does it take to sell a home in 36109, AL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 85 Days | 80 Days | -5.5% |
Summary: Homes in 36109 had an average of 80 days on market in Apr 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36109 has remained consistent over time.
Summary: During April 2024, 35 homes were sold in 36109; 29% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.