Is 36117, 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, 36117 has remained a Seller's Market.
Housing Prices in 36117, AL
How much do homes in 36117, AL cost?
Median Sold Price
$261,580
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 36117 was $261,580 in April 2024, up 10.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.4K | $118.2K | +7.1% |
2 Bedrooms | $132K | $140K | +6.1% |
3 Bedrooms | $194.9K | $215K | +10.3% |
4 Bedrooms | $320K | $330K | +3.1% |
5+ Bedrooms | $475K | $455K | -4.2% |
Summary: 36117 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 36117, AL
How many homes are available in 36117, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
251 | 270 | +7.6% |
Summary: The 36117 real estate market had 270 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 115 | 114 | -0.9% |
4 Bedrooms | 104 | 115 | +10.6% |
5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The 36117 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 100%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 55 | +1.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in 36117 in April 2024, up by 1.9% month-over-month. Of the 55 sold homes, 42% were sold under asking, 38% were sold at asking, and 20% were sold over asking.
Days on Market for 36117, AL
How long does it take to sell a home in 36117, AL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 68 Days | +15.8% |
Summary: Homes in 36117 had an average of 68 days on market in Apr 2024, up by 15.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in 36117; 29% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.