Is 35805, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35805 is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 35805 was a Seller's Market.

Key Takeaway

35805 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 35805, AL

How much do homes in 35805, AL cost?

Median Sold Price

$183,450

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$1,550(-0.8%)

Key Takeaway

Homes in 35805 have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in 35805 was $183,450 in September 2024, down 0.8% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$49K
N/A
2 $150K$132.5K
-11.7%
3 $181.5K$175K
-3.6%
4 $289.9K$235K
-18.9%
5+ $413.8K$369.8K
-10.6%

Summary: 35805 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 10.6%.

Median Sold Price Compared To Nearby Zip Codes

35801
+9.3%
35805
-0.8%
35806
-2.5%

Housing Supply in 35805, AL

How many homes are available in 35805, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5059+18.0%

Summary: The 35805 real estate market had 59 homes for sale in September 2024, a 18.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 68
+33.3%
3 3235
+9.4%
4 1111
0.0%
5+ 14
+300.0%

Summary: The 35805 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
990.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35805, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 35805 in September 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for 35805, 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 Sep 1, 2024

Newest Listings in 35805, AL

Nearby Markets to 35805, AL