$1,389 Closing Credit*
$117,000
1,189 SqFt
2 Beds
•1 Full Bath
Amy Schone, Listing Office: RE/MAX Town & Lake Realty
Is 36078, 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, 36078 has remained a Seller's Market.
Key Takeaway
36078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 36078, AL
How much do homes in 36078, AL cost?
Median Sold Price
$206,500
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+15.4%)
Key Takeaway
Homes in 36078 have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in 36078 was $206,500 in November 2024, up 15.4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $93.6K | $114.9K | +22.7% |
| 3 Bedrooms | $168.9K | $205K | +21.3% |
| 4 Bedrooms | $310K | $330K | +6.5% |
| 5+ Bedrooms | $505K | $342.5K | -32.2% |
Summary: 36078 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 22.7%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 32.2%.
Housing Supply in 36078, AL
How many homes are available in 36078, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The 36078 real estate market had 26 homes for sale in November 2024, a 16.1% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 36078 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 decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 36078, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 36078 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 36078, AL
How long does it take to sell a home in 36078, AL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 63 Days | +4.3% |
Summary: Homes in 36078 had an average of 63 days on market in Nov 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 36078 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 36078; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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