$5,106 Closing Credit*
$430,000
2,459 SqFt
4 Beds
•3 Full Baths, 1 Partial
Matt Muncher, Listing Office: RE/MAX Northern Properties
Is 35116, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 35116 has remained a Buyer's Market.
Key Takeaway
35116 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 35116, AL
How much do homes in 35116, AL cost?
Median Sold Price
$335,000
$162/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$37,090(+12.5%)
Key Takeaway
Homes in 35116 have sold for 12.5% more than they did a month ago.
Summary: The median home sold price in 35116 was $335,000 in November 2024, up 12.5% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $297.9K | $335K | +12.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 35116 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 increased by 12.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 35116, AL
How many homes are available in 35116, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The 35116 real estate market had 25 homes for sale in November 2024, a 19.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 35116 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 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35116, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 35116 in November 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 35116, AL
How long does it take to sell a home in 35116, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 5 Days | +433.3% |
Summary: Homes in 35116 had an average of 5 days on market in Nov 2024, up by 433.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35116 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 35116; 100% 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.
