Is 35622, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35622 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 35622 has remained a Seller's Market.

Key Takeaway

35622 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35622, AL

How much do homes in 35622, AL cost?

Median Sold Price

$215,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+10.3%)

Key Takeaway

Homes in 35622 have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in 35622 was $215,000 in October 2024, up 10.3% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $125.5K$192.7K
+53.6%
3 $180K$209K
+16.1%
4 $723K$320K
-55.7%
5+ $200K$320K
+60.0%

Summary: 35622 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 55.7%, and 5+ bedroom homes increased by 60%.

Median Sold Price Compared To Nearby Zip Codes

35622
+10.3%
35640
0.3%
35670
-0.4%

Housing Supply in 35622, AL

How many homes are available in 35622, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1317+30.8%

Summary: The 35622 real estate market had 17 homes for sale in October 2024, a 30.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1112
+9.1%
4 12
+100.0%
5+ 01
+100.0%

Summary: The 35622 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35622, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 35622 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 35622, 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 20 Days Ago

Newest Listings in 35622, AL

Nearby Markets to 35622, AL