Is 35978, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35978 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 35978 was a Neutral Market.

Key Takeaway

35978 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35978, AL

How much do homes in 35978, AL cost?

Median Sold Price

$219,900

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,650(+7.1%)

Key Takeaway

Homes in 35978 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 35978 was $219,900 in November 2024, up 7.1% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $103.7K$100K
-3.6%
2 $158K$146K
-7.6%
3 $215.9K$231K
+7.0%
4 $204.5K$300.9K
+47.2%
5+ $455K-
N/A

Summary: 35978 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 47.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35978
+7.1%
35981
+4.9%

Housing Supply in 35978, AL

How many homes are available in 35978, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1216+33.3%

Summary: The 35978 real estate market had 16 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 610
+66.7%
4 33
0.0%
5+ 11
0.0%

Summary: The 35978 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was 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 35978, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 35978 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 35978, 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 35978, AL

Nearby Markets to 35978, AL