Is 35226, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35226 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35226 has remained a Seller's Market.

Key Takeaway

35226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35226, AL

How much do homes in 35226, AL cost?

Median Sold Price

$427,500

$187/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$16,877(-3.8%)

Key Takeaway

Homes in 35226 have sold for 3.8% less than they did a month ago.

Summary: The median home sold price in 35226 was $427,500 in December 2024, down 3.8% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$155K
N/A
2 $200.9K$247K
+22.9%
3 $399.9K$364K
-9.0%
4 $589.9K$497K
-15.7%
5+ $540K$745K
+38.0%

Summary: 35226 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes increased by 38%.

Median Sold Price Compared To Nearby Zip Codes

35216
+11.2%
35244
+1.7%
35226
-3.8%
35209
-4.8%
35211
-15.9%

Housing Supply in 35226, AL

How many homes are available in 35226, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
186166-10.8%

Summary: The 35226 real estate market had 166 homes for sale in December 2024, a 10.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 55
0.0%
3 6454
-15.6%
4 7873
-6.4%
5+ 3833
-13.2%

Summary: The 35226 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 13.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4548+6.7%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35226, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 35226 in December 2024, up by 6.7% month-over-month. Of the 48 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for 35226, AL

How long does it take to sell a home in 35226, AL?

Average Sale Time

Nov 2024Dec 2024CHANGE
28 Days33 Days+16.7%

Summary: Homes in 35226 had an average of 33 days on market in Dec 2024, up by 16.7% compared to last month.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35226 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 48 homes were sold in 35226; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% 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 6 Days Ago

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