Is 36609, 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, 36609 was a Seller's Market.
Key Takeaway
36609 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 36609, AL
How much do homes in 36609, AL cost?
Median Sold Price
$215,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 36609 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 36609 was $215,000 in May 2024, up 7.5% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147.5K | $151.2K | +2.5% |
| 3 Bedrooms | $197K | $197.4K | 0.2% |
| 4 Bedrooms | $279.9K | $265K | -5.3% |
| 5+ Bedrooms | $500K | $464K | -7.2% |
Summary: 36609 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 2.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in 36609, AL
How many homes are available in 36609, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 88 | +39.7% |
Summary: The 36609 real estate market had 88 homes for sale in May 2024, a 39.7% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 32 | 49 | +53.1% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 36609 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 20%, 3 bedroom homes increased by 53.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36609, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 36609 in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for 36609, AL
How long does it take to sell a home in 36609, 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 36609 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in 36609; 9% 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.