Is 35077, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35077 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35077 was a Buyer's Market.

Key Takeaway

35077 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35077, AL

How much do homes in 35077, AL cost?

Median Sold Price

$234,900

$127/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$115,950(+97.5%)

Key Takeaway

Homes in 35077 have sold for 97.5% more than they did a month ago.

Summary: The median home sold price in 35077 was $234,900 in October 2024, up 97.5% from last month, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $37.9K$176K
+364.4%
3 $200K$287.4K
+43.7%
4 --
N/A
5+ --
N/A

Summary: 35077 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 increased by 364.4%, 3 bedroom homes increased by 43.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35077
+97.5%
35055
+74.0%

Housing Supply in 35077, AL

How many homes are available in 35077, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2527+8.0%

Summary: The 35077 real estate market had 27 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1315
+15.4%
4 44
0.0%
5+ 33
0.0%

Summary: The 35077 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 increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35077, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 35077 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 35077, AL

How long does it take to sell a home in 35077, AL?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35077 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 35077; 20% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 35077, AL

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