$180,000
20.00 Acres
Land
Jen Harris, Listing Office: ARC Realty Cahaba Heights
Is 35022, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 35022 was a Neutral Market.
Key Takeaway
35022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35022, AL
How much do homes in 35022, AL cost?
Median Sold Price
$295,000
$160/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$4,650(-1.6%)
Key Takeaway
Homes in 35022 have sold for 1.6% less than they did a month ago.
Summary: The median home sold price in 35022 was $295,000 in November 2024, down 1.6% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $208.2K | N/A |
| 3 Bedrooms | $248K | $260.2K | +4.9% |
| 4 Bedrooms | $309.8K | $338.9K | +9.4% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: 35022 housing prices by bedroom type for November 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 4.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.
Housing Supply in 35022, AL
How many homes are available in 35022, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 111 | +8.8% |
Summary: The 35022 real estate market had 111 homes for sale in November 2024, a 8.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 52 | 57 | +9.6% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The 35022 housing inventory by bedroom type for November 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 9.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35022, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 35022 in November 2024, up by 35.3% month-over-month. Of the 23 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for 35022, AL
How long does it take to sell a home in 35022, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 41 Days | +9.3% |
Summary: Homes in 35022 had an average of 41 days on market in Nov 2024, up by 9.3% compared to last month.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35022 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 35022; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
