Is 35046, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35046 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 35046 has remained a Buyer's Market.

Key Takeaway

35046 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35046, AL

How much do homes in 35046, AL cost?

Median Sold Price

$295,000

$99/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$225,000(+321.4%)

Key Takeaway

Homes in 35046 have sold for 321.4% more than they did a month ago.

Summary: The median home sold price in 35046 was $295,000 in October 2024, up 321.4% from last month, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$100K
N/A
3 $70K$459.5K
+556.4%
4 -$295K
N/A
5+ --
N/A

Summary: 35046 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 556.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35046
+321.4%
35045
-8.1%

Housing Supply in 35046, AL

How many homes are available in 35046, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The 35046 real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1010
0.0%
4 78
+14.3%
5+ 11
0.0%

Summary: The 35046 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 increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35046, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 35046 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 35046, AL

How long does it take to sell a home in 35046, AL?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 35046 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 35046; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 35046, AL

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