$2,755 Closing Credit*
$232,000
1,648 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ann Lloyd, Listing Office: NextHome Heritage
Is 35124, 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, 35124 was a Buyer's Market.
Key Takeaway
35124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35124, AL
How much do homes in 35124, AL cost?
Median Sold Price
$289,900
$164/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$21,927(-7.0%)
Key Takeaway
Homes in 35124 have sold for 7% less than they did a month ago.
Summary: The median home sold price in 35124 was $289,900 in November 2024, down 7% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330.6K | $195K | -41.0% |
| 3 Bedrooms | $275.5K | $279.9K | +1.6% |
| 4 Bedrooms | $424.4K | $373.9K | -11.9% |
| 5+ Bedrooms | - | $543K | N/A |
Summary: 35124 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 41%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes did not change.
Housing Supply in 35124, AL
How many homes are available in 35124, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 133 | +25.5% |
Summary: The 35124 real estate market had 133 homes for sale in November 2024, a 25.5% 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 | 15 | 18 | +20.0% |
| 3 Bedrooms | 36 | 42 | +16.7% |
| 4 Bedrooms | 47 | 60 | +27.7% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The 35124 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 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 27 | +125.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35124, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 35124 in November 2024, up by 125.0% month-over-month. Of the 27 sold homes, 48% were sold under asking, 30% were sold at asking, and 22% were sold over asking.
Days on Market for 35124, AL
How long does it take to sell a home in 35124, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 80 Days | +203.4% |
Summary: Homes in 35124 had an average of 80 days on market in Nov 2024, up by 203.4% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35124 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 35124; 41% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
