Is 36024, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36024 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 36024 was a Seller's Market.

Key Takeaway

36024 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 36024, AL

How much do homes in 36024, AL cost?

Median Sold Price

$296,275

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,575(+1.9%)

Key Takeaway

Homes in 36024 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 36024 was $296,275 in November 2024, up 1.9% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$95K
N/A
2 $172K$485K
+182.0%
3 $312.4K$201.2K
-35.6%
4 $291.5K$352.6K
+21.0%
5+ $1.7M$1.1M
-34.1%

Summary: 36024 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 182%, 3 bedroom homes decreased by 35.6%, 4 bedroom homes increased by 21%, and 5+ bedroom homes decreased by 34.1%.

Median Sold Price Compared To Nearby Zip Codes

36078
+15.4%
36092
+14.0%
36024
+1.9%

Housing Supply in 36024, AL

How many homes are available in 36024, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2526+4.0%

Summary: The 36024 real estate market had 26 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 33
0.0%
3 1012
+20.0%
4 87
-12.5%
5+ 22
0.0%

Summary: The 36024 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 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were 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 36024, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 36024 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 36024, AL

How long does it take to sell a home in 36024, AL?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days77 Days+80.5%

Summary: Homes in 36024 had an average of 77 days on market in Nov 2024, up by 80.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 36024 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 36024; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

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