Is 35080, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35080 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35080 has remained a Seller's Market.

Key Takeaway

35080 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35080, AL

How much do homes in 35080, AL cost?

Median Sold Price

$410,000

$190/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$91,000(+28.5%)

Key Takeaway

Homes in 35080 have sold for 28.5% more than they did a month ago.

Summary: The median home sold price in 35080 was $410,000 in November 2024, up 28.5% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $209.9K$206K
-1.9%
3 $278.5K$299.9K
+7.7%
4 $344.9K$510K
+47.8%
5+ $425K$689K
+62.1%

Summary: 35080 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes increased by 62.1%.

Median Sold Price Compared To Nearby Zip Codes

35080
+28.5%
35244
+2.4%
35022
-1.6%
35007
-3.3%
35114
-32.2%

Housing Supply in 35080, AL

How many homes are available in 35080, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
102103+1.0%

Summary: The 35080 real estate market had 103 homes for sale in November 2024, a 1.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 4347
+9.3%
4 3735
-5.4%
5+ 1817
-5.6%

Summary: The 35080 housing inventory by bedroom type for November 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 9.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2029+45.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35080, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 35080 in November 2024, up by 45.0% month-over-month. Of the 29 sold homes, 48% were sold under asking, 38% were sold at asking, and 14% were sold over asking.

Days on Market for 35080, AL

How long does it take to sell a home in 35080, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
26 Days28 Days+9.4%

Summary: Homes in 35080 had an average of 28 days on market in Nov 2024, up by 9.4% compared to last month.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35080 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 29 homes were sold in 35080; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% 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 10 Days Ago

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