Is 35968, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35968 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 35968 was a Buyer's Market.

Key Takeaway

35968 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 35968, AL

How much do homes in 35968, AL cost?

Median Sold Price

$244,950

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,050(-2.0%)

Key Takeaway

Homes in 35968 have sold for 2% less than they did a year ago.

Summary: The median home sold price in 35968 was $244,950 in October 2024, down 2% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $301K-
N/A
2 $172K$182.7K
+6.3%
3 $231.4K$240.9K
+4.1%
4 $312.5K$487.5K
+56.0%
5+ $335K-
N/A

Summary: 35968 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 6.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 56%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35986
+11.9%
35968
-2.0%
35967
-5.6%

Housing Supply in 35968, AL

How many homes are available in 35968, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2325+8.7%

Summary: The 35968 real estate market had 25 homes for sale in October 2024, a 8.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 55
0.0%
3 810
+25.0%
4 33
0.0%
5+ 44
0.0%

Summary: The 35968 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 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 35968, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 35968 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 35968, 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 21 Days Ago

Newest Listings in 35968, AL

Nearby Markets to 35968, AL