Is 35951, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35951 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 35951 has remained a Seller's Market.

Key Takeaway

35951 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35951, AL

How much do homes in 35951, AL cost?

Median Sold Price

$267,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,100(+27.2%)

Key Takeaway

Homes in 35951 have sold for 27.2% more than they did a year ago.

Summary: The median home sold price in 35951 was $267,000 in November 2024, up 27.2% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $52K-
N/A
2 $158.5K$175K
+10.4%
3 $209.9K$227.2K
+8.3%
4 $315K$331K
+5.1%
5+ $499.9K$440K
-12.0%

Summary: 35951 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 12%.

Median Sold Price Compared To Nearby Zip Codes

35951
+27.2%
35950
+6.8%
35957
+5.0%

Housing Supply in 35951, AL

How many homes are available in 35951, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
56560.0%

Summary: The 35951 real estate market had 56 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 3841
+7.9%
4 97
-22.2%
5+ 54
-20.0%

Summary: The 35951 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 remained the same, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

6 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 35951, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 35951 in November 2024, up by 100.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.

Days on Market for 35951, AL

How long does it take to sell a home in 35951, 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 35951 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 14 homes were sold in 35951; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% 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 21 Days Ago

Newest Listings in 35951, AL

Nearby Markets to 35951, AL