Is 35057, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35057 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 35057 was a Buyer's Market.

Key Takeaway

35057 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 35057, AL

How much do homes in 35057, AL cost?

Median Sold Price

$246,000

$146/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$264,000(-51.8%)

Key Takeaway

Homes in 35057 have sold for 51.8% less than they did a month ago.

Summary: The median home sold price in 35057 was $246,000 in December 2024, down 51.8% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$125K
N/A
3 $510K-
N/A
4 $717.7K$322K
-55.1%
5+ --
N/A

Summary: 35057 housing prices by bedroom type for December 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 did not change, 4 bedroom homes decreased by 55.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35077
+66.7%
35057
-51.8%

Housing Supply in 35057, AL

How many homes are available in 35057, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2624-7.7%

Summary: The 35057 real estate market had 24 homes for sale in December 2024, a 7.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1515
0.0%
4 75
-28.6%
5+ 33
0.0%

Summary: The 35057 housing inventory by bedroom type for December 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 decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35057, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 35057 in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 35057, AL

We’re sorry, we don't have information for this market at the moment

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

Report Updated 4 Days Ago

Newest Listings in 35057, AL

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