Is 35209, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35209 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35209 has remained a Seller's Market.

Key Takeaway

35209 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35209, AL

How much do homes in 35209, AL cost?

Median Sold Price

$476,250

$295/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$26,250(-5.2%)

Key Takeaway

Homes in 35209 have sold for 5.2% less than they did a month ago.

Summary: The median home sold price in 35209 was $476,250 in November 2024, down 5.2% from last month, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $450K$258K
-42.7%
3 $490K$472.5K
-3.6%
4 $527.5K$647K
+22.7%
5+ $725K$1.1M
+62.4%

Summary: 35209 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 decreased by 42.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 62.4%.

Median Sold Price Compared To Nearby Zip Codes

35205
+236.7%
35216
+40.4%
35223
+29.8%
35209
-5.2%

Housing Supply in 35209, AL

How many homes are available in 35209, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6973+5.8%

Summary: The 35209 real estate market had 73 homes for sale in November 2024, a 5.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1215
+25.0%
3 3237
+15.6%
4 1713
-23.5%
5+ 77
0.0%

Summary: The 35209 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 25%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1820+11.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35209, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 35209 in November 2024, up by 11.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 35209, AL

How long does it take to sell a home in 35209, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
17 Days63 Days+258.6%

Summary: Homes in 35209 had an average of 63 days on market in Nov 2024, up by 258.6% compared to last month.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35209 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 35209; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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