Is 35244, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35244 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 35244 has remained a Seller's Market.

Key Takeaway

35244 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35244, AL

How much do homes in 35244, AL cost?

Median Sold Price

$450,450

$170/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$10,500(+2.4%)

Key Takeaway

Homes in 35244 have sold for 2.4% more than they did a month ago.

Summary: The median home sold price in 35244 was $450,450 in November 2024, up 2.4% from last month, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $335K-
N/A
3 $406.5K$331.2K
-18.5%
4 $515K$527.2K
+2.4%
5+ $690.5K$641K
-7.2%

Summary: 35244 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 decreased by 18.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

35216
+40.4%
35226
+13.4%
35244
+2.4%
35124
-7.0%
35243
-33.4%

Housing Supply in 35244, AL

How many homes are available in 35244, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
145151+4.1%

Summary: The 35244 real estate market had 151 homes for sale in November 2024, a 4.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 5051
+2.0%
4 6368
+7.9%
5+ 2729
+7.4%

Summary: The 35244 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 decreased by 40%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 7.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3032+6.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35244, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 35244 in November 2024, up by 6.7% month-over-month. Of the 32 sold homes, 47% were sold under asking, 28% were sold at asking, and 25% were sold over asking.

Days on Market for 35244, AL

How long does it take to sell a home in 35244, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
28 Days31 Days+9.0%

Summary: Homes in 35244 had an average of 31 days on market in Nov 2024, up by 9% compared to last month.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35244 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 32 homes were sold in 35244; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% 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

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