Is 35953, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35953 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 35953 was a Seller's Market.

Key Takeaway

35953 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35953, AL

How much do homes in 35953, AL cost?

Median Sold Price

$550,000

$151/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$77,500(-12.4%)

Key Takeaway

Homes in 35953 have sold for 12.4% less than they did a month ago.

Summary: The median home sold price in 35953 was $550,000 in November 2024, down 12.4% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $99K-
N/A
3 -$367.5K
N/A
4 $1.1M-
N/A
5+ -$649.9K
N/A

Summary: 35953 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35953
-12.4%
35146
-15.6%

Housing Supply in 35953, AL

How many homes are available in 35953, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1922+15.8%

Summary: The 35953 real estate market had 22 homes for sale in November 2024, a 15.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 20
-100.0%
3 914
+55.6%
4 54
-20.0%
5+ 23
+50.0%

Summary: The 35953 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 decreased by 100%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35953, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 35953 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 35953, AL

How long does it take to sell a home in 35953, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
33 Days43 Days+29.4%

Summary: Homes in 35953 had an average of 43 days on market in Nov 2024, up by 29.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 35953 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 35953; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 35953, AL

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