Is 36079, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 36079 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 36079 has remained a Seller's Market.

Key Takeaway

36079 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 36079, AL

How much do homes in 36079, AL cost?

Median Sold Price

$320,969

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,069(+18.0%)

Key Takeaway

Homes in 36079 have sold for 18% more than they did a year ago.

Summary: The median home sold price in 36079 was $320,969 in October 2024, up 18% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $256.2K$225K
-12.2%
4 $359K$341.9K
-4.8%
5+ -$415.5K
N/A

Summary: 36079 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 did not change, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes did not change.

Housing Supply in 36079, AL

How many homes are available in 36079, AL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The 36079 real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The 36079 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 36079, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 36079 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 36079, AL

How long does it take to sell a home in 36079, AL?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days86 Days+360.7%

Summary: Homes in 36079 had an average of 86 days on market in Oct 2024, up by 360.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 36079 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 36079; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 14 Days Ago

Newest Listings in 36079, AL

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