Is 35901, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35901 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 35901 was a Seller's Market.

Key Takeaway

35901 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 35901, AL

How much do homes in 35901, AL cost?

Median Sold Price

$241,750

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+12.6%)

Key Takeaway

Homes in 35901 have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in 35901 was $241,750 in October 2024, up 12.6% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $30K$6K
-80.0%
2 $84.4K$96.9K
+14.8%
3 $186.4K$232K
+24.4%
4 $355K$290.3K
-18.2%
5+ $465.9K$502.5K
+7.8%

Summary: 35901 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

35901
+12.6%
35904
+11.3%
35907
+2.7%
35903
-0.3%
35905
-11.2%

Housing Supply in 35901, AL

How many homes are available in 35901, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9196+5.5%

Summary: The 35901 real estate market had 96 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 79
+28.6%
3 4144
+7.3%
4 3333
0.0%
5+ 88
0.0%

Summary: The 35901 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1516+6.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35901, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 35901 in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for 35901, AL

How long does it take to sell a home in 35901, AL?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 35901 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 16 homes were sold in 35901; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 35901, AL

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