Is 35128, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35128 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 35128 was a Buyer's Market.

Key Takeaway

35128 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 35128, AL

How much do homes in 35128, AL cost?

Median Sold Price

$399,250

$139/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$144,250(+56.6%)

Key Takeaway

Homes in 35128 have sold for 56.6% more than they did a month ago.

Summary: The median home sold price in 35128 was $399,250 in November 2024, up 56.6% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$300K
N/A
3 $242.4K$357K
+47.2%
4 $304.5K$422.5K
+38.8%
5+ -$450K
N/A

Summary: 35128 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 47.2%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35128
+56.6%
35125
+26.6%
35096
+2.2%

Housing Supply in 35128, AL

How many homes are available in 35128, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6064+6.7%

Summary: The 35128 real estate market had 64 homes for sale in November 2024, a 6.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 2730
+11.1%
4 2019
-5.0%
5+ 99
0.0%

Summary: The 35128 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 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35128, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 35128 in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for 35128, AL

How long does it take to sell a home in 35128, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
61 Days47 Days-22.4%

Summary: Homes in 35128 had an average of 47 days on market in Nov 2024, down by 22.4% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35128 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 35128; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

Newest Listings in 35128, AL

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