Is 35215, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35215 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 35215 was a Seller's Market.

Key Takeaway

35215 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 35215, AL

How much do homes in 35215, AL cost?

Median Sold Price

$125,000

$89/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$15,000(-10.7%)

Key Takeaway

Homes in 35215 have sold for 10.7% less than they did a month ago.

Summary: The median home sold price in 35215 was $125,000 in November 2024, down 10.7% from last month, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $82.5K$125K
+51.5%
3 $142.4K$119.7K
-15.9%
4 $139.7K$210K
+50.3%
5+ $250K-
N/A

Summary: 35215 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 51.5%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 50.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35206
+11.6%
35126
-1.4%
35215
-10.7%
35217
-14.4%
35235
-32.2%

Housing Supply in 35215, AL

How many homes are available in 35215, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
169175+3.6%

Summary: The 35215 real estate market had 175 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1115
+36.4%
3 115110
-4.3%
4 3643
+19.4%
5+ 66
0.0%

Summary: The 35215 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 36.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3528-20.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35215, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 35215 in November 2024, down by 20.0% month-over-month. Of the 28 sold homes, 54% were sold under asking, 32% were sold at asking, and 14% were sold over asking.

Days on Market for 35215, AL

How long does it take to sell a home in 35215, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
44 Days42 Days-4.2%

Summary: Homes in 35215 had an average of 42 days on market in Nov 2024, down by 4.2% compared to last month.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35215 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 28 homes were sold in 35215; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% 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

Newest Listings in 35215, AL

Nearby Markets to 35215, AL