Is 35747, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35747 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 35747 was a Seller's Market.

Key Takeaway

35747 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35747, AL

How much do homes in 35747, AL cost?

Median Sold Price

$289,500

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$6,500(+2.3%)

Key Takeaway

Homes in 35747 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 35747 was $289,500 in December 2024, up 2.3% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $180K-
N/A
2 $307.4K$174.3K
-43.3%
3 $269.9K$285K
+5.6%
4 $375K$395K
+5.3%
5+ $554.5K$264K
-52.4%

Summary: 35747 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 52.4%.

Median Sold Price Compared To Nearby Zip Codes

35760
+5.7%
35747
+2.3%
35976
-8.5%
35175
-14.5%

Housing Supply in 35747, AL

How many homes are available in 35747, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3735-5.4%

Summary: The 35747 real estate market had 35 homes for sale in December 2024, a 5.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 55
0.0%
3 1615
-6.3%
4 119
-18.2%
5+ 34
+33.3%

Summary: The 35747 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35747, 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 35747 in December 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 35747, 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 6 Days Ago

Newest Listings in 35747, AL

Nearby Markets to 35747, AL