$2,968 Closing Credit*
$249,900
1,655 SqFt
3 Beds
•2 Full Baths
Alana Thomas, Listing Office: Southern Homes of Tuscaloosa,
Is 35023, 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, 35023 was a Neutral Market.
Key Takeaway
35023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35023, AL
How much do homes in 35023, AL cost?
Median Sold Price
$186,250
$114/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$38,750(-17.2%)
Key Takeaway
Homes in 35023 have sold for 17.2% less than they did a month ago.
Summary: The median home sold price in 35023 was $186,250 in November 2024, down 17.2% from last month, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185.5K | $87K | -53.1% |
| 3 Bedrooms | $148K | $195K | +31.8% |
| 4 Bedrooms | $280K | $173.7K | -37.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 35023 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 decreased by 53.1%, 3 bedroom homes increased by 31.8%, 4 bedroom homes decreased by 37.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 35006 | $180K | $240K | +33.3% |
| 35127 | $198K | $218K | +10.1% |
| 35023 | $225K | $186.2K | -17.2% |
| 35118 | $281.7K | $130.2K | -53.8% |
Housing Supply in 35023, AL
How many homes are available in 35023, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 103 | +5.1% |
Summary: The 35023 real estate market had 103 homes for sale in November 2024, a 5.1% 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 | 11 | 15 | +36.4% |
| 3 Bedrooms | 60 | 62 | +3.3% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 35023 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 increased by 36.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35023, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 35023 in November 2024, up by 29.4% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 35023, AL
How long does it take to sell a home in 35023, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 37 Days | +1.0% |
Summary: Homes in 35023 had an average of 37 days on market in Nov 2024, up by 1% compared to last month.
Breakdown of Home Sale Times
13 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 35023 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 35023; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
