Is 35006, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35006 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35006 was a Buyer's Market.

Key Takeaway

35006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35006, AL

How much do homes in 35006, AL cost?

Median Sold Price

$180,000

$171/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$5,000(+2.9%)

Key Takeaway

Homes in 35006 have sold for 2.9% more than they did a month ago.

Summary: The median home sold price in 35006 was $180,000 in October 2024, up 2.9% from last month, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$45K
N/A
3 $175K$180K
+2.9%
4 --
N/A
5+ --
N/A

Summary: 35006 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 35006, AL

How many homes are available in 35006, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The 35006 real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 35006 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35006, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 35006 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 35006, AL

How long does it take to sell a home in 35006, AL?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 35006 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in 35006; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 35006, AL

Nearby Markets to 35006, AL