Is 35173, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35173 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35173 has remained a Seller's Market.

Key Takeaway

35173 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35173, AL

How much do homes in 35173, AL cost?

Median Sold Price

$389,900

$166/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$72,400(+22.8%)

Key Takeaway

Homes in 35173 have sold for 22.8% more than they did a month ago.

Summary: The median home sold price in 35173 was $389,900 in November 2024, up 22.8% from last month, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $170K-
N/A
3 $306K$355K
+16.0%
4 $402K$377.5K
-6.1%
5+ $497K$512.5K
+3.1%

Summary: 35173 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 16%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Zip Codes

35120
+27.0%
35173
+22.8%
35126
-1.4%
35004
-9.0%
35235
-32.2%

Housing Supply in 35173, AL

How many homes are available in 35173, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
121124+2.5%

Summary: The 35173 real estate market had 124 homes for sale in November 2024, a 2.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 6257
-8.1%
4 3841
+7.9%
5+ 1824
+33.3%

Summary: The 35173 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 decreased by 33.3%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2821-25.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35173, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 35173 in November 2024, down by 25.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for 35173, AL

How long does it take to sell a home in 35173, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
29 Days50 Days+73.6%

Summary: Homes in 35173 had an average of 50 days on market in Nov 2024, up by 73.6% compared to last month.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35173 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in 35173; 67% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% 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

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Newest Listings in 35173, AL

Nearby Markets to 35173, AL

MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, and Georgia MLS for the period 10/01/2024 - 12/01/2024

IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 12:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 12:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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