Is 36111, 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, 36111 has remained a Neutral Market.
Key Takeaway
36111 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 36111, AL
How much do homes in 36111, AL cost?
Median Sold Price
$173,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 36111 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 36111 was $173,000 in April 2024, down 1.1% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $63.2K | -51.3% |
| 3 Bedrooms | $126.5K | $120.5K | -4.7% |
| 4 Bedrooms | $250K | $232.5K | -7.0% |
| 5+ Bedrooms | $483.5K | $392K | -18.9% |
Summary: 36111 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 51.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 18.9%.
Housing Supply in 36111, AL
How many homes are available in 36111, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 90 | +12.5% |
Summary: The 36111 real estate market had 90 homes for sale in April 2024, a 12.5% 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 | 4 | +33.3% |
| 3 Bedrooms | 33 | 41 | +24.2% |
| 4 Bedrooms | 36 | 36 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 36111 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 33.3%, 3 bedroom homes increased by 24.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36111, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 36111 in April 2024, down by 17.6% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.
Days on Market for 36111, AL
How long does it take to sell a home in 36111, AL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 119 Days | +74.1% |
Summary: Homes in 36111 had an average of 119 days on market in Apr 2024, up by 74.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36111 has remained consistent over time.
Summary: During April 2024, 14 homes were sold in 36111; 7% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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