$3,563 Closing Credit*
$300,000
2,045 SqFt
4 Beds
•2 Full Baths
Terra Jorgensen, Listing Office: KW Montgomery
Is 36022, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 36022 has remained a Seller's Market.
Key Takeaway
36022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36022, AL
How much do homes in 36022, AL cost?
Median Sold Price
$275,208
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,792(-3.4%)
Key Takeaway
Homes in 36022 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 36022 was $275,208 in November 2024, down 3.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87.2K | $187.5K | +114.9% |
| 3 Bedrooms | $235K | $252K | +7.2% |
| 4 Bedrooms | $313.5K | $310K | -1.1% |
| 5+ Bedrooms | $405K | $424.9K | +4.9% |
Summary: 36022 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 114.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 36022, AL
How many homes are available in 36022, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 55 | -5.2% |
Summary: The 36022 real estate market had 55 homes for sale in November 2024, a 5.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 36022 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 decreased by 10.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36022, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 36022 in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 36022, AL
How long does it take to sell a home in 36022, AL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 138 Days | 66 Days | -52.4% |
Summary: Homes in 36022 had an average of 66 days on market in Nov 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 36022 has remained consistent over time.
Summary: During November 2024, 12 homes were sold in 36022; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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