Is 35601, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35601 is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 35601 was a Seller's Market.

Key Takeaway

35601 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 35601, AL

How much do homes in 35601, AL cost?

Median Sold Price

$200,500

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$3,400(-1.7%)

Key Takeaway

Homes in 35601 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 35601 was $200,500 in September 2024, down 1.7% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $35K-
N/A
2 $151K$154K
+2.0%
3 $206.4K$195.5K
-5.3%
4 $241.1K$290K
+20.3%
5+ $280.2K$336K
+19.9%

Summary: 35601 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 19.9%.

Median Sold Price Compared To Nearby Zip Codes

35673
+18.3%
35611
+12.6%
35603
-1.3%
35601
-1.7%

Housing Supply in 35601, AL

How many homes are available in 35601, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
144154+6.9%

Summary: The 35601 real estate market had 154 homes for sale in September 2024, a 6.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2429
+20.8%
3 7477
+4.1%
4 3738
+2.7%
5+ 910
+11.1%

Summary: The 35601 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3324-27.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35601, 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 35601 in September 2024, down by 27.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 35601, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in 35601, AL

Nearby Markets to 35601, AL