Is 36527, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 36527 has remained a Seller's Market.
Key Takeaway
36527 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36527, AL
How much do homes in 36527, AL cost?
Median Sold Price
$374,813
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36527 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 36527 was $374,813 in May 2024, down 1.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | - | N/A |
| 2 Bedrooms | $213K | $252.5K | +18.5% |
| 3 Bedrooms | $299.9K | $320K | +6.7% |
| 4 Bedrooms | $390.2K | $377.2K | -3.3% |
| 5+ Bedrooms | $576K | $584.9K | +1.5% |
Summary: 36527 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 increased by 18.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 36527, AL
How many homes are available in 36527, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 183 | 194 | +6.0% |
Summary: The 36527 real estate market had 194 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 67 | 70 | +4.5% |
| 4 Bedrooms | 83 | 86 | +3.6% |
| 5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The 36527 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 16.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 41 | +64.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36527, you may be able to get a good deal. 65.7% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 36527 in May 2024, up by 64.0% month-over-month. Of the 35 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.
Days on Market for 36527, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.