Is 35171, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35171 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 35171 was a Seller's Market.

Key Takeaway

35171 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35171, AL

How much do homes in 35171, AL cost?

Median Sold Price

$260,000

$133/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$122,000(-31.9%)

Key Takeaway

Homes in 35171 have sold for 31.9% less than they did a month ago.

Summary: The median home sold price in 35171 was $260,000 in November 2024, down 31.9% from last month, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $215K-
N/A
4 -$260K
N/A
5+ $549K-
N/A

Summary: 35171 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35045
0.4%
35171
-31.9%

Housing Supply in 35171, AL

How many homes are available in 35171, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
810+25.0%

Summary: The 35171 real estate market had 10 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 57
+40.0%
4 22
0.0%
5+ 10
-100.0%

Summary: The 35171 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 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35171, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 35171 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 35171, AL

How long does it take to sell a home in 35171, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
54 Days88 Days+61.5%

Summary: Homes in 35171 had an average of 88 days on market in Nov 2024, up by 61.5% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 35171 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 35171; 0% of homes were sold within 30 days, 100% 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 10 Days Ago

Newest Listings in 35171, AL

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