Is 36530, 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, 36530 has remained a Neutral Market.
Key Takeaway
36530 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 36530, AL
How much do homes in 36530, AL cost?
Median Sold Price
$336,800
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36530 have sold for 28.3% less than they did a year ago.
Summary: The median home sold price in 36530 was $336,800 in May 2024, down 28.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $360K | -6.5% |
| 2 Bedrooms | $180K | $296K | +64.4% |
| 3 Bedrooms | $354.5K | $336.8K | -5.0% |
| 4 Bedrooms | $585K | $320.1K | -45.3% |
| 5+ Bedrooms | $965K | $811.8K | -15.9% |
Summary: 36530 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 64.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 45.3%, and 5+ bedroom homes decreased by 15.9%.
Housing Supply in 36530, AL
How many homes are available in 36530, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 83 | +12.2% |
Summary: The 36530 real estate market had 83 homes for sale in May 2024, a 12.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 33 | 35 | +6.1% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 36530 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36530, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 36530 in May 2024, up by 62.5% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 36530, 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.