Is 36542, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 36542 was a Seller's Market.
Key Takeaway
36542 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36542, AL
How much do homes in 36542, AL cost?
Median Sold Price
$444,876
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36542 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 36542 was $444,876 in May 2024, down 0.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $344.7K | -2.9% |
| 2 Bedrooms | $400K | $395K | -1.3% |
| 3 Bedrooms | $434.5K | $429.6K | -1.1% |
| 4 Bedrooms | $545K | $505K | -7.3% |
| 5+ Bedrooms | $1.0M | $992.5K | -4.6% |
Summary: 36542 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in 36542, AL
How many homes are available in 36542, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 932 | 1,020 | +9.4% |
Summary: The 36542 real estate market had 1,020 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 77 | 78 | +1.3% |
| 2 Bedrooms | 301 | 320 | +6.3% |
| 3 Bedrooms | 290 | 332 | +14.5% |
| 4 Bedrooms | 183 | 194 | +6.0% |
| 5+ Bedrooms | 81 | 96 | +18.5% |
Summary: The 36542 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 113 | +10.8% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36542, you may be able to get a good deal. 81.4% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in 36542 in May 2024, up by 10.8% month-over-month. Of the 97 sold homes, 81% were sold under asking, 13% were sold at asking, and 5% were sold over asking.
Days on Market for 36542, AL
We’re sorry, we don't have information for this market at the moment
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