$2,968 Closing Credit*
$249,900
3,026 SqFt
3 Beds
•2 Full Baths
Charlene Lockhart, Listing Office: RealtySouth-I459 Southwest
Is 35111, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 35111 was a Buyer's Market.
Key Takeaway
35111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35111, AL
How much do homes in 35111, AL cost?
Median Sold Price
$285,000
$139/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$22,500(-7.3%)
Key Takeaway
Homes in 35111 have sold for 7.3% less than they did a month ago.
Summary: The median home sold price in 35111 was $285,000 in November 2024, down 7.3% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $200K | N/A |
| 3 Bedrooms | $299K | $272.5K | -8.9% |
| 4 Bedrooms | $310K | $304K | -1.9% |
| 5+ Bedrooms | $507.4K | $400.2K | -21.1% |
Summary: 35111 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 did not change, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Zip Codes
| 35490 | $270.9K | $283.5K | +4.6% |
| 35022 | $299.6K | $295K | -1.6% |
| 35111 | $307.5K | $285K | -7.3% |
| 35188 | $370K | $240.5K | -35.0% |
Housing Supply in 35111, AL
How many homes are available in 35111, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 101 | +13.5% |
Summary: The 35111 real estate market had 101 homes for sale in November 2024, a 13.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 41 | 48 | +17.1% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 35111 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 increased by 66.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 20 | +100.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35111, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 35111 in November 2024, up by 100.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.
Days on Market for 35111, AL
How long does it take to sell a home in 35111, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 37 Days | -5.5% |
Summary: Homes in 35111 had an average of 37 days on market in Nov 2024, down by 5.5% compared to last month.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35111 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 35111; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
