Is 35806, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35806 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 35806 was a Seller's Market.

Key Takeaway

35806 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35806, AL

How much do homes in 35806, AL cost?

Median Sold Price

$359,912

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$8,365(-2.3%)

Key Takeaway

Homes in 35806 have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in 35806 was $359,912 in November 2024, down 2.3% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $142.7K$117.5K
-17.7%
2 $207K$204K
-1.4%
3 $338K$333.7K
-1.3%
4 $380.3K$371K
-2.5%
5+ $525K$469.8K
-10.5%

Summary: 35806 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 10.5%.

Median Sold Price Compared To Nearby Zip Codes

35816
+9.6%
35758
+3.6%
35806
-2.3%
35757
-3.1%

Housing Supply in 35806, AL

How many homes are available in 35806, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
154159+3.2%

Summary: The 35806 real estate market had 159 homes for sale in November 2024, a 3.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 1113
+18.2%
3 8184
+3.7%
4 4849
+2.1%
5+ 87
-12.5%

Summary: The 35806 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 increased by 18.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35806, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 35806 in November 2024, up by 4.8% month-over-month. Of the 22 sold homes, 64% were sold under asking, 14% were sold at asking, and 23% were sold over asking.

Days on Market for 35806, 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 35806, AL

Nearby Markets to 35806, AL