Is 35058, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35058 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35058 has remained a Seller's Market.

Key Takeaway

35058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35058, AL

How much do homes in 35058, AL cost?

Median Sold Price

$279,900

$139/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$85,998(-23.5%)

Key Takeaway

Homes in 35058 have sold for 23.5% less than they did a month ago.

Summary: The median home sold price in 35058 was $279,900 in October 2024, down 23.5% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $296.3K$262.4K
-11.5%
4 $433.9K$309.5K
-28.7%
5+ $396K-
N/A

Summary: 35058 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 decreased by 11.5%, 4 bedroom homes decreased by 28.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35055
+74.0%
35058
-23.5%

Housing Supply in 35058, AL

How many homes are available in 35058, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3851+34.2%

Summary: The 35058 real estate market had 51 homes for sale in October 2024, a 34.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 2028
+40.0%
4 1417
+21.4%
5+ 45
+25.0%

Summary: The 35058 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 increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35058, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 35058 in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.

Days on Market for 35058, AL

How long does it take to sell a home in 35058, AL?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 35058 has remained consistent over time.

Summary: During October 2024, 11 homes were sold in 35058; 0% of homes were sold within 30 days, 9% 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 20 Days Ago

Newest Listings in 35058, AL

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