$2,909 Closing Credit*
$245,000
1,572 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ashley Davis, Listing Office: ARC Realty Cahaba Heights
Is 35040, 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, 35040 was a Seller's Market.
Key Takeaway
35040 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 35040, AL
How much do homes in 35040, AL cost?
Median Sold Price
$227,000
$141/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$9,500(-4.0%)
Key Takeaway
Homes in 35040 have sold for 4% less than they did a month ago.
Summary: The median home sold price in 35040 was $227,000 in November 2024, down 4% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $175K | N/A |
| 3 Bedrooms | $227.4K | $215K | -5.5% |
| 4 Bedrooms | $288.4K | $467.5K | +62.1% |
| 5+ Bedrooms | - | $359.9K | N/A |
Summary: 35040 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 decreased by 5.5%, 4 bedroom homes increased by 62.1%, and 5+ bedroom homes did not change.
Housing Supply in 35040, AL
How many homes are available in 35040, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 103 | +6.2% |
Summary: The 35040 real estate market had 103 homes for sale in November 2024, a 6.2% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 68 | 70 | +2.9% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The 35040 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 50%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35040, expect to pay close to the asking price. 64.7% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 35040 in November 2024, down by 5.6% month-over-month. Of the 17 sold homes, 18% were sold under asking, 65% were sold at asking, and 18% were sold over asking.
Days on Market for 35040, AL
How long does it take to sell a home in 35040, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 40 Days | -6.2% |
Summary: Homes in 35040 had an average of 40 days on market in Nov 2024, down by 6.2% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35040 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 35040; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 