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 October 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

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 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 October 2024, down 9.5% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $217.7K$167K
-23.3%
2 $285K$192.5K
-32.5%
3 $287K$221K
-23.0%
4 $330K$692.5K
+109.8%
5+ $231K$735K
+218.2%

Summary: 35959 housing prices by bedroom type for October 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%, 4 bedroom homes increased by 109.8%, and 5+ bedroom homes increased by 218.2%.

Median Sold Price Compared To Nearby Zip Codes

35983
+25.9%
35960
+17.2%
35967
-5.6%
35959
-9.5%

Housing Supply in 35959, AL

How many homes are available in 35959, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4047+17.5%

Summary: The 35959 real estate market had 47 homes for sale in October 2024, a 17.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 1821
+16.7%
4 1010
0.0%
5+ 47
+75.0%

Summary: The 35959 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 increased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 35959 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 35959, AL

How long does it take to sell a home in 35959, AL?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 35959 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 35959; 0% of homes were sold within 30 days, 33% 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 22 Days Ago

Newest Listings in 35959, AL

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