$249,000
12.80 Acres
Land
Jill Lambert, Listing Office: EXIT Lake & Country Real Estate
Is 35640, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 35640 has remained a Seller's Market.
Key Takeaway
35640 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 35640, AL
How much do homes in 35640, AL cost?
Median Sold Price
$256,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$833(+0.3%)
Key Takeaway
The sold price of homes in 35640 has remained the same since last year.
Summary: The median home sold price in 35640 was $256,000 in October 2024, up 0.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | $215K | +97.2% |
| 2 Bedrooms | $180K | $165.9K | -7.8% |
| 3 Bedrooms | $230K | $245K | +6.5% |
| 4 Bedrooms | $340K | $375K | +10.3% |
| 5+ Bedrooms | $372.5K | $415K | +11.4% |
Summary: 35640 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.2%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Zip Codes
| 35622 | $195K | $215K | +10.3% |
| 35603 | $288.8K | $290K | 0.4% |
| 35640 | $255.1K | $256K | 0.3% |
| 35670 | $282.5K | $281.5K | -0.4% |
Housing Supply in 35640, AL
How many homes are available in 35640, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 127 | +12.4% |
Summary: The 35640 real estate market had 127 homes for sale in October 2024, a 12.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 64 | 77 | +20.3% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 35640 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 27.3%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 35640, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 35640 in October 2024, up by 18.2% month-over-month. Of the 26 sold homes, 54% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for 35640, AL
How long does it take to sell a home in 35640, AL?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 35640 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 35640; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
