Is 35640, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35640 is a seller's market

Buyer's
Market

Difference Since September 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

$250,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,250(-2.1%)

Key Takeaway

Homes in 35640 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 35640 was $250,000 in September 2024, down 2.1% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $158K$137.5K
-13.0%
2 $180K$165.9K
-7.8%
3 $228K$240K
+5.3%
4 $335K$355K
+6.0%
5+ $352.5K$425K
+20.6%

Summary: 35640 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 20.6%.

Median Sold Price Compared To Nearby Zip Codes

35670
-0.9%
35603
-1.3%
35640
-2.1%

Housing Supply in 35640, AL

How many homes are available in 35640, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
111119+7.2%

Summary: The 35640 real estate market had 119 homes for sale in September 2024, a 7.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1011
+10.0%
3 6369
+9.5%
4 3027
-10.0%
5+ 711
+57.1%

Summary: The 35640 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 10%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2322-4.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35640, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 35640 in September 2024, down by 4.3% month-over-month. Of the 22 sold homes, 64% were sold under asking, 32% were sold at asking, and 5% were sold over asking.

Days on Market for 35640, 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 35640, AL

Nearby Markets to 35640, AL