Is 35079, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35079 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35079 has remained a Seller's Market.

Key Takeaway

35079 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35079, AL

How much do homes in 35079, AL cost?

Median Sold Price

$245,000

$175/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$30,000(-10.9%)

Key Takeaway

Homes in 35079 have sold for 10.9% less than they did a month ago.

Summary: The median home sold price in 35079 was $245,000 in December 2024, down 10.9% from last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $257.9K$224.9K
-12.8%
4 $182.5K$470K
+157.5%
5+ $300K-
N/A

Summary: 35079 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 decreased by 12.8%, 4 bedroom homes increased by 157.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35077
+66.7%
35180
+52.6%
35079
-10.9%
35049
-11.5%

Housing Supply in 35079, AL

How many homes are available in 35079, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3027-10.0%

Summary: The 35079 real estate market had 27 homes for sale in December 2024, a 10.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2222
0.0%
4 64
-33.3%
5+ 10
-100.0%

Summary: The 35079 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 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35079, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 35079 in December 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 35079, AL

How long does it take to sell a home in 35079, AL?

Average Sale Time

Nov 2024Dec 2024CHANGE
24 Days64 Days+164.3%

Summary: Homes in 35079 had an average of 64 days on market in Dec 2024, up by 164.3% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35079 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in 35079; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 7 Days Ago

Newest Listings in 35079, AL

Nearby Markets to 35079, AL