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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35901 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 35901 has remained a Seller's Market.

Key Takeaway

35901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35901, AL

How much do homes in 35901, AL cost?

Median Sold Price

$239,500

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,500(+1.9%)

Key Takeaway

Homes in 35901 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 35901 was $239,500 in December 2024, up 1.9% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$6K
N/A
2 $81K$99.9K
+23.3%
3 $191.5K$211K
+10.2%
4 $349.9K$290.6K
-16.9%
5+ $464.9K$535K
+15.1%

Summary: 35901 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 increased by 23.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 15.1%.

Median Sold Price Compared To Nearby Zip Codes

35904
+19.8%
35901
+1.9%
35903
+1.3%
35907
-1.7%
35905
-20.0%

Housing Supply in 35901, AL

How many homes are available in 35901, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9190-1.1%

Summary: The 35901 real estate market had 90 homes for sale in December 2024, a 1.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1212
0.0%
3 4140
-2.4%
4 2726
-3.7%
5+ 910
+11.1%

Summary: The 35901 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 remained the same, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1519+26.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 78.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 35901 in December 2024, up by 26.7% month-over-month. Of the 19 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% 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

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 35901 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 19 homes were sold in 35901; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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 2 Days Ago

Newest Listings in 35901, AL

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