$4,749 Closing Credit*
$399,900
1,904 SqFt
3 Beds
•2 Full Baths, 1 Partial
Danny Acton, Listing Office: ARC Realty Cahaba Heights
Is 35243, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 35243 has remained a Seller's Market.
Key Takeaway
35243 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35243, AL
How much do homes in 35243, AL cost?
Median Sold Price
$582,500
$219/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$292,450(-33.4%)
Key Takeaway
Homes in 35243 have sold for 33.4% less than they did a month ago.
Summary: The median home sold price in 35243 was $582,500 in November 2024, down 33.4% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | - | $275K | N/A |
| 3 Bedrooms | $340K | $466.2K | +37.1% |
| 4 Bedrooms | $875K | $819.9K | -6.3% |
| 5+ Bedrooms | $985.3K | $912K | -7.4% |
Summary: 35243 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 did not change, 3 bedroom homes increased by 37.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 35243, AL
How many homes are available in 35243, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 64 | +10.3% |
Summary: The 35243 real estate market had 64 homes for sale in November 2024, a 10.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 35243 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 remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 24 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35243, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 35243 in November 2024, up by 71.4% month-over-month. Of the 24 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 35243, AL
How long does it take to sell a home in 35243, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 16 Days | -29.6% |
Summary: Homes in 35243 had an average of 16 days on market in Nov 2024, down by 29.6% compared to last month.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 35243 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 35243; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
