Is 36561, 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, 36561 was a Seller's Market.
Key Takeaway
36561 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36561, AL
How much do homes in 36561, AL cost?
Median Sold Price
$723,387
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36561 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 36561 was $723,387 in May 2024, up 2.7% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427K | $467.5K | +9.5% |
| 2 Bedrooms | $605K | $610K | +0.8% |
| 3 Bedrooms | $760K | $753K | -0.9% |
| 4 Bedrooms | $1.0M | $1.0M | +2.5% |
| 5+ Bedrooms | $1.5M | $2.4M | +54.8% |
Summary: 36561 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 54.8%.
Housing Supply in 36561, AL
How many homes are available in 36561, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 720 | 784 | +8.9% |
Summary: The 36561 real estate market had 784 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 58 | 61 | +5.2% |
| 2 Bedrooms | 199 | 219 | +10.1% |
| 3 Bedrooms | 311 | 333 | +7.1% |
| 4 Bedrooms | 112 | 125 | +11.6% |
| 5+ Bedrooms | 40 | 46 | +15.0% |
Summary: The 36561 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 92 | +29.6% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36561, you may be able to get a good deal. 85.4% of homes here sold below asking price last month.
Summary: A total of 92 homes were sold or pending in 36561 in May 2024, up by 29.6% month-over-month. Of the 82 sold homes, 85% were sold under asking, 12% were sold at asking, and 2% were sold over asking.
Days on Market for 36561, 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.