Is 36580, 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, 36580 was a Neutral Market.
Key Takeaway
36580 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36580, AL
How much do homes in 36580, AL cost?
Median Sold Price
$300,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36580 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 36580 was $300,000 in May 2024, up 5.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $365K | N/A |
| 2 Bedrooms | $185K | $300K | +62.2% |
| 3 Bedrooms | $262.5K | $298.9K | +13.9% |
| 4 Bedrooms | $367K | $330K | -10.1% |
| 5+ Bedrooms | $760.7K | $327.5K | -57.0% |
Summary: 36580 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 62.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 57%.
Housing Supply in 36580, AL
How many homes are available in 36580, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The 36580 real estate market had 40 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 36580 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 remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 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 36580, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 36580 in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 36580, 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.