Is 36575, 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, 36575 was a Seller's Market.
Key Takeaway
36575 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36575, AL
How much do homes in 36575, AL cost?
Median Sold Price
$275,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36575 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 36575 was $275,000 in May 2024, up 14.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $179K | +23.4% |
| 3 Bedrooms | $224K | $264K | +17.9% |
| 4 Bedrooms | $268K | $287K | +7.1% |
| 5+ Bedrooms | - | $380K | N/A |
Summary: 36575 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 23.4%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 36608 | $275K | $322.5K | +17.3% |
| 36575 | $239.9K | $275K | +14.6% |
Housing Supply in 36575, AL
How many homes are available in 36575, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 76 | +38.2% |
Summary: The 36575 real estate market had 76 homes for sale in May 2024, a 38.2% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 21 | 35 | +66.7% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 36575 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 increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36575, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 36575 in May 2024, up by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 36575, AL
We’re sorry, we don't have information for this market at the moment
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