Is 35214, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35214 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 35214 has remained a Buyer's Market.

Key Takeaway

35214 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35214, AL

How much do homes in 35214, AL cost?

Median Sold Price

$152,500

$98/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$10,000(+7.0%)

Key Takeaway

Homes in 35214 have sold for 7% more than they did a month ago.

Summary: The median home sold price in 35214 was $152,500 in November 2024, up 7% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $22K$70K
+218.2%
3 $225K$195K
-13.3%
4 -$202.5K
N/A
5+ -$125K
N/A

Summary: 35214 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 increased by 218.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35214
+7.0%
35068
-24.1%

Housing Supply in 35214, AL

How many homes are available in 35214, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5967+13.6%

Summary: The 35214 real estate market had 67 homes for sale in November 2024, a 13.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 89
+12.5%
3 3841
+7.9%
4 912
+33.3%
5+ 44
0.0%

Summary: The 35214 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 12.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35214, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 35214 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for 35214, AL

How long does it take to sell a home in 35214, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
15 Days34 Days+124.6%

Summary: Homes in 35214 had an average of 34 days on market in Nov 2024, up by 124.6% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35214 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 35214; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 22 Days Ago

Newest Listings in 35214, AL

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