$1,544 Closing Credit*
$130,000
918 SqFt
2 Beds
•1 Full Bath
Listing Office: Nexthome Kel Mitchell
Is 35816, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 35816 was a Seller's Market.
Key Takeaway
35816 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 35816, AL
How much do homes in 35816, AL cost?
Median Sold Price
$195,500
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,200(+9.6%)
Key Takeaway
Homes in 35816 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 35816 was $195,500 in November 2024, up 9.6% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $116.5K | +37.1% |
| 2 Bedrooms | $130.2K | $135K | +3.6% |
| 3 Bedrooms | $182K | $195.3K | +7.3% |
| 4 Bedrooms | $202.5K | $213.4K | +5.4% |
| 5+ Bedrooms | $369.9K | $304K | -17.8% |
Summary: 35816 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Zip Codes
| 35816 | $178.3K | $195.5K | +9.6% |
| 35805 | $189.9K | $180K | -5.2% |
Housing Supply in 35816, AL
How many homes are available in 35816, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Summary: The 35816 real estate market had 39 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 35816 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 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 35816, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 35816 in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 35816, AL
We’re sorry, we don't have information for this market at the moment
