Is 35180, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35180 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35180 was a Neutral Market.

Key Takeaway

35180 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35180, AL

How much do homes in 35180, AL cost?

Median Sold Price

$213,000

$163/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$3,500(+1.7%)

Key Takeaway

Homes in 35180 have sold for 1.7% more than they did a month ago.

Summary: The median home sold price in 35180 was $213,000 in November 2024, up 1.7% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$117K
N/A
2 -$144.9K
N/A
3 $214K$283.5K
+32.5%
4 $205K$193.3K
-5.7%
5+ -$241K
N/A

Summary: 35180 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 32.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35071
+75.6%
35091
+30.4%
35116
+12.5%
35180
+1.7%

Housing Supply in 35180, AL

How many homes are available in 35180, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3949+25.6%

Summary: The 35180 real estate market had 49 homes for sale in November 2024, a 25.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 2225
+13.6%
4 1318
+38.5%
5+ 11
0.0%

Summary: The 35180 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35180, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 35180 in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for 35180, AL

How long does it take to sell a home in 35180, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days15 Days+18.3%

Summary: Homes in 35180 had an average of 15 days on market in Nov 2024, up by 18.3% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35180 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 35180; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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 19 Days Ago

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