$5,164 Closing Credit*
$434,900
3,112 SqFt
3 Beds
•2 Full Baths, 2 Partial
Mark Bishop, Listing Office: Keller Williams Realty Vestavia
Is 35216, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 35216 was a Buyer's Market.
Key Takeaway
35216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35216, AL
How much do homes in 35216, AL cost?
Median Sold Price
$391,750
$182/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$112,750(+40.4%)
Key Takeaway
Homes in 35216 have sold for 40.4% more than they did a month ago.
Summary: The median home sold price in 35216 was $391,750 in November 2024, up 40.4% from last month, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | $125.2K | +21.6% |
| 2 Bedrooms | $233.2K | $169.7K | -27.2% |
| 3 Bedrooms | $283.5K | $448K | +58.0% |
| 4 Bedrooms | $656.7K | $445K | -32.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 35216 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes decreased by 27.2%, 3 bedroom homes increased by 58%, 4 bedroom homes decreased by 32.2%, and 5+ bedroom homes did not change.
Housing Supply in 35216, AL
How many homes are available in 35216, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 127 | +22.1% |
Summary: The 35216 real estate market had 127 homes for sale in November 2024, a 22.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 37 | 46 | +24.3% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The 35216 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 24 | +84.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35216, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 35216 in November 2024, up by 84.6% month-over-month. Of the 24 sold homes, 50% were sold under asking, 4% were sold at asking, and 46% were sold over asking.
Days on Market for 35216, AL
How long does it take to sell a home in 35216, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 32 Days | +83.3% |
Summary: Homes in 35216 had an average of 32 days on market in Nov 2024, up by 83.3% compared to last month.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35216 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 35216; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
