Is 35763, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35763 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 35763 has remained a Seller's Market.

Key Takeaway

35763 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35763, AL

How much do homes in 35763, AL cost?

Median Sold Price

$384,860

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,391(-1.1%)

Key Takeaway

Homes in 35763 have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in 35763 was $384,860 in November 2024, down 1.1% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $364.1K-
N/A
2 $250K$212.5K
-15.0%
3 $320K$314.5K
-1.7%
4 $430K$424.9K
-1.2%
5+ $576K$639.9K
+11.1%

Summary: 35763 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

35760
+12.7%
35802
+5.5%
35803
+1.2%
35741
-0.3%
35763
-1.1%

Housing Supply in 35763, AL

How many homes are available in 35763, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
211209-0.9%

Summary: The 35763 real estate market had 209 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 7081
+15.7%
4 110101
-8.2%
5+ 2825
-10.7%

Summary: The 35763 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 10.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3635-2.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35763, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 35763 in November 2024, down by 2.8% month-over-month. Of the 35 sold homes, 49% were sold under asking, 43% were sold at asking, and 9% were sold over asking.

Days on Market for 35763, 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 21 Days Ago

Newest Listings in 35763, AL

Nearby Markets to 35763, AL