Is 35824, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35824 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 35824 has remained a Seller's Market.

Key Takeaway

35824 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35824, AL

How much do homes in 35824, AL cost?

Median Sold Price

$397,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$32,000(+8.8%)

Key Takeaway

Homes in 35824 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 35824 was $397,000 in December 2024, up 8.8% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 -$328K
N/A
3 $330K$325K
-1.5%
4 $409K$410K
0.2%
5+ $577.9K$621.1K
+7.5%

Summary: 35824 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 did not change, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Zip Codes

35824
+8.8%
35756
+6.2%
35758
+5.3%

Housing Supply in 35824, AL

How many homes are available in 35824, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6053-11.7%

Summary: The 35824 real estate market had 53 homes for sale in December 2024, a 11.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1819
+5.6%
4 3629
-19.4%
5+ 55
0.0%

Summary: The 35824 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35824, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 35824 in December 2024, down by 18.8% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.

Days on Market for 35824, 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 35824, AL

Nearby Markets to 35824, AL