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 October 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

$293,775

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,275(+0.8%)

Key Takeaway

Homes in 36024 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 36024 was $293,775 in October 2024, up 0.8% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$95K
N/A
2 $193.5K$332.4K
+71.8%
3 $289.9K$242K
-16.5%
4 $299.7K$352.6K
+17.6%
5+ $904.5K$1.1M
+28.5%

Summary: 36024 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 71.8%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 28.5%.

Median Sold Price Compared To Nearby Zip Codes

36092
+14.0%
36078
+8.1%
36024
+0.8%

Housing Supply in 36024, AL

How many homes are available in 36024, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2530+20.0%

Summary: The 36024 real estate market had 30 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 24
+100.0%
3 1112
+9.1%
4 810
+25.0%
5+ 32
-33.3%

Summary: The 36024 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36024, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 36024 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Oct 2023Oct 2024CHANGE
54 Days134 Days+147.0%

Summary: Homes in 36024 had an average of 134 days on market in Oct 2024, up by 147% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 36024 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 36024; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 15 Days Ago

Newest Listings in 36024, AL

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