Is 35983, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35983 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 35983 has remained a Buyer's Market.

Key Takeaway

35983 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35983, AL

How much do homes in 35983, AL cost?

Median Sold Price

$340,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+25.9%)

Key Takeaway

Homes in 35983 have sold for 25.9% more than they did a year ago.

Summary: The median home sold price in 35983 was $340,000 in October 2024, up 25.9% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$225K
N/A
2 $228K$251.5K
+10.3%
3 $294.4K$245.5K
-16.6%
4 $375K$375K
0.0%
5+ -$905K
N/A

Summary: 35983 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 10.3%, 3 bedroom homes decreased by 16.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35983
+25.9%
35960
+17.2%
35961
0.0%
35903
-0.3%
35959
-9.5%

Housing Supply in 35983, AL

How many homes are available in 35983, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1718+5.9%

Summary: The 35983 real estate market had 18 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 69
+50.0%
4 76
-14.3%
5+ 11
0.0%

Summary: The 35983 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 decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 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 35983, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 35983 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 35983, 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 4 Days Ago

Newest Listings in 35983, AL

Nearby Markets to 35983, AL