Is 35179, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35179 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35179 has remained a Seller's Market.

Key Takeaway

35179 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35179, AL

How much do homes in 35179, AL cost?

Median Sold Price

$150,500

$127/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$149,500(-49.8%)

Key Takeaway

Homes in 35179 have sold for 49.8% less than they did a month ago.

Summary: The median home sold price in 35179 was $150,500 in October 2024, down 49.8% from last month, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$133K
N/A
3 $300K$185K
-38.3%
4 --
N/A
5+ --
N/A

Summary: 35179 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 decreased by 38.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35058
-23.5%
35179
-49.8%

Housing Supply in 35179, AL

How many homes are available in 35179, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1312-7.7%

Summary: The 35179 real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 75
-28.6%
4 44
0.0%
5+ 01
+100.0%

Summary: The 35179 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35179, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 35179 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 35179, AL

How long does it take to sell a home in 35179, AL?

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 35179 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 35179; 0% of homes were sold within 30 days, 25% 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 18 Days Ago

Newest Listings in 35179, AL

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