Is 35803, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35803 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 35803 has remained a Seller's Market.

Key Takeaway

35803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35803, AL

How much do homes in 35803, AL cost?

Median Sold Price

$318,966

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$5,633(-1.7%)

Key Takeaway

Homes in 35803 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 35803 was $318,966 in December 2024, down 1.7% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $85.9K-
N/A
2 $187.5K$185K
-1.3%
3 $280K$280K
0.0%
4 $365K$378.4K
+3.7%
5+ $493.9K$524.1K
+6.1%

Summary: 35803 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 1.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

35802
+5.7%
35760
+5.7%
35763
-1.3%
35803
-1.7%

Housing Supply in 35803, AL

How many homes are available in 35803, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
181167-7.7%

Summary: The 35803 real estate market had 167 homes for sale in December 2024, a 7.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 89
+12.5%
3 7266
-8.3%
4 8070
-12.5%
5+ 2121
0.0%

Summary: The 35803 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4146+12.2%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35803, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 35803 in December 2024, up by 12.2% month-over-month. Of the 46 sold homes, 54% were sold under asking, 37% were sold at asking, and 9% were sold over asking.

Days on Market for 35803, 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 2 Days Ago

Newest Listings in 35803, AL

Nearby Markets to 35803, AL