Is 36608, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 36608 was a Seller's Market.
Key Takeaway
36608 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36608, AL
How much do homes in 36608, AL cost?
Median Sold Price
$301,125
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 36608 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 36608 was $301,125 in April 2024, up 13.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $127.5K | +21.4% |
| 2 Bedrooms | $177.5K | $200.1K | +12.7% |
| 3 Bedrooms | $235K | $234.5K | -0.2% |
| 4 Bedrooms | $450K | $428K | -4.9% |
| 5+ Bedrooms | $520K | $661.5K | +27.2% |
Summary: 36608 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 27.2%.
Housing Supply in 36608, AL
How many homes are available in 36608, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 114 | 151 | +32.5% |
Summary: The 36608 real estate market had 151 homes for sale in April 2024, a 32.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 33 | 44 | +33.3% |
| 4 Bedrooms | 34 | 53 | +55.9% |
| 5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The 36608 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 55.9%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 21 | +110.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36608, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 36608 in April 2024, up by 110.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for 36608, AL
How long does it take to sell a home in 36608, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 36608 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 36608; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.