Is 35146, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35146 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35146 was a Buyer's Market.

Key Takeaway

35146 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35146, AL

How much do homes in 35146, AL cost?

Median Sold Price

$392,900

$160/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$67,900(+20.9%)

Key Takeaway

Homes in 35146 have sold for 20.9% more than they did a month ago.

Summary: The median home sold price in 35146 was $392,900 in October 2024, up 20.9% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$340K
N/A
4 $240K$392.9K
+63.7%
5+ $410K$409.9K
0%

Summary: 35146 housing prices by bedroom type for October 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 did not change, 4 bedroom homes increased by 63.7%, and 5+ bedroom homes did not change.

Housing Supply in 35146, AL

How many homes are available in 35146, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2534+36.0%

Summary: The 35146 real estate market had 34 homes for sale in October 2024, a 36.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1219
+58.3%
4 99
0.0%
5+ 34
+33.3%

Summary: The 35146 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 58.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35146, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 35146 in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for 35146, AL

How long does it take to sell a home in 35146, AL?

Average Sale Time

Sep 2024Oct 2024CHANGE
84 Days17 Days-79.9%

Summary: Homes in 35146 had an average of 17 days on market in Oct 2024, down by 79.9% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35146 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 35146; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

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