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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35951 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 35951 was a Seller's Market.

Key Takeaway

35951 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35951, AL

How much do homes in 35951, AL cost?

Median Sold Price

$241,250

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,350(+14.9%)

Key Takeaway

Homes in 35951 have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in 35951 was $241,250 in October 2024, up 14.9% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $52K-
N/A
2 $123.7K$175K
+41.4%
3 $209.9K$215K
+2.4%
4 $325K$332.5K
+2.3%
5+ $278K$493K
+77.3%

Summary: 35951 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 77.3%.

Median Sold Price Compared To Nearby Zip Codes

35951
+14.9%
35957
+5.2%
35950
+4.9%

Housing Supply in 35951, AL

How many homes are available in 35951, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4556+24.4%

Summary: The 35951 real estate market had 56 homes for sale in October 2024, a 24.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 2938
+31.0%
4 910
+11.1%
5+ 34
+33.3%

Summary: The 35951 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 remained the same, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 35951 in October 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 35951, 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 20 Days Ago

Newest Listings in 35951, AL

Nearby Markets to 35951, AL