Is 35761, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35761 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 35761 has remained a Neutral Market.

Key Takeaway

35761 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 35761, AL

How much do homes in 35761, AL cost?

Median Sold Price

$299,998

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,098(+0.4%)

Key Takeaway

The sold price of homes in 35761 has remained the same since last year.

Summary: The median home sold price in 35761 was $299,998 in October 2024, up 0.4% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$176K
N/A
2 $95K$165K
+73.7%
3 $272.4K$264.5K
-2.9%
4 $313.2K$343.8K
+9.8%
5+ $454.8K$408K
-10.3%

Summary: 35761 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 73.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Zip Codes

35811
+2.8%
35761
0.4%

Housing Supply in 35761, AL

How many homes are available in 35761, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
156162+3.8%

Summary: The 35761 real estate market had 162 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 12
+100.0%
3 6871
+4.4%
4 6666
0.0%
5+ 1921
+10.5%

Summary: The 35761 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 4.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2125+19.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35761, expect to pay close to the asking price. 48% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in 35761 in October 2024, up by 19.0% month-over-month. Of the 25 sold homes, 44% were sold under asking, 48% were sold at asking, and 8% were sold over asking.

Days on Market for 35761, 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 35761, AL

Nearby Markets to 35761, AL