Is 35741, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35741 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 35741 was a Seller's Market.

Key Takeaway

35741 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 35741, AL

How much do homes in 35741, AL cost?

Median Sold Price

$657,067

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,667(+9.3%)

Key Takeaway

Homes in 35741 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 35741 was $657,067 in October 2024, up 9.3% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $382.5K$405K
+5.9%
3 $450K$452K
0.4%
4 $634.9K$701.5K
+10.5%
5+ $1.1M$750K
-32.7%

Summary: 35741 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 5.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 32.7%.

Median Sold Price Compared To Nearby Zip Codes

35741
+9.3%
35801
+6.9%
35811
+2.8%
35748
-0.6%
35763
-1.3%

Housing Supply in 35741, AL

How many homes are available in 35741, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4853+10.4%

Summary: The 35741 real estate market had 53 homes for sale in October 2024, a 10.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1014
+40.0%
4 2528
+12.0%
5+ 1210
-16.7%

Summary: The 35741 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35741, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 35741 in October 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 35741, 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 23 Days Ago

Newest Listings in 35741, AL

Nearby Markets to 35741, AL