Is 35224, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35224 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 35224 was a Neutral Market.

Key Takeaway

35224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35224, AL

How much do homes in 35224, AL cost?

Median Sold Price

$71,000

$62/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$9,000(-11.3%)

Key Takeaway

Homes in 35224 have sold for 11.2% less than they did a month ago.

Summary: The median home sold price in 35224 was $71,000 in November 2024, down 11.3% from last month, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $112K$51K
-54.5%
3 $65K$71K
+9.2%
4 --
N/A
5+ -$176K
N/A

Summary: 35224 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 54.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35064
+202.9%
35127
+10.1%
35224
-11.3%

Housing Supply in 35224, AL

How many homes are available in 35224, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1920+5.3%

Summary: The 35224 real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 1011
+10.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The 35224 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 14.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35224, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 35224 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 35224, AL

How long does it take to sell a home in 35224, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
7 Days84 Days+1052.3%

Summary: Homes in 35224 had an average of 84 days on market in Nov 2024, up by 1052.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 35224 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 35224; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 35224, AL

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