Is 35959, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35959 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 35959 was a Seller's Market.

Key Takeaway

35959 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35959, AL

How much do homes in 35959, AL cost?

Median Sold Price

$257,950

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$27,050(-9.5%)

Key Takeaway

Homes in 35959 have sold for 9.5% less than they did a year ago.

Summary: The median home sold price in 35959 was $257,950 in November 2024, down 9.5% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $217.7K$167K
-23.3%
2 $285K$192.5K
-32.5%
3 $289K$221K
-23.5%
4 $440K$740K
+68.2%
5+ $231K$735K
+218.2%

Summary: 35959 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes decreased by 32.5%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 68.2%, and 5+ bedroom homes increased by 218.2%.

Median Sold Price Compared To Nearby Zip Codes

35960
+8.7%
35967
+1.2%
35973
-7.1%
35959
-9.5%

Housing Supply in 35959, AL

How many homes are available in 35959, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4447+6.8%

Summary: The 35959 real estate market had 47 homes for sale in November 2024, a 6.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1922
+15.8%
4 810
+25.0%
5+ 77
0.0%

Summary: The 35959 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 22.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35959, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 35959 in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 35959, 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 25 Days Ago

Newest Listings in 35959, AL

Nearby Markets to 35959, AL