Is 35603, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35603 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 35603 was a Seller's Market.

Key Takeaway

35603 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 35603, AL

How much do homes in 35603, AL cost?

Median Sold Price

$286,500

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,500(-1.2%)

Key Takeaway

Homes in 35603 have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in 35603 was $286,500 in November 2024, down 1.2% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$114K
-12.3%
2 $175K$192.4K
+10.0%
3 $264.9K$254.9K
-3.8%
4 $365K$371K
+1.6%
5+ $455K$429K
-5.7%

Summary: 35603 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

35601
+0.7%
35603
-1.2%
35673
-1.9%
35640
-4.7%

Housing Supply in 35603, AL

How many homes are available in 35603, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
194188-3.1%

Summary: The 35603 real estate market had 188 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 9590
-5.3%
4 6972
+4.3%
5+ 1817
-5.6%

Summary: The 35603 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 25%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3427-20.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35603, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 35603 in November 2024, down by 20.6% month-over-month. Of the 27 sold homes, 67% were sold under asking, 19% were sold at asking, and 15% were sold over asking.

Days on Market for 35603, 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 21 Days Ago

Newest Listings in 35603, AL

Nearby Markets to 35603, AL